Australia budget blues in land of mining boom

As China’s economy slows and Australia begins its painful transition away from a decade-long mining boom, Treasurer Wayne Swan will have little to offer voters seeking an election-year spending spree Tuesday.

The government has spent months priming the public for a significant plunge in revenues -- due to sluggish corporate tax earnings -- when Swan unveils his final budget before Australia goes to the polls on September 14.

via Business feed http://www.scmp.com/business/economy/article/1236646/australia-budget-blues-land-mining-boom