Despite the eye-popping numbers, this is a cautious Budget. A trickle-up Budget with the emphasis on "trickle".

I hope Treasury's forecasts are right because they see the economy bouncing back much faster and taking a smaller hit than I expected. Consequently, the cash relief for families is smaller than I hoped.

But free job re-training, the big, immediate environmental stimulus and state house building programmes are all great decisions.

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