swan saves of quarter of a trillion

"The structural savings we've made will deliver cumulative savings to the budget of over a quarter of a trillion dollars by 2020-21"

And net debt is due to be zero by the same time.

"Our economy is now 13 per cent bigger than it was 5 years ago, and we've achieved that through a very turbulent time in the global economy. Unlike many other countries, we've got solid growth, low unemployment, healthy consumption and a huge pipeline of business investment at the same time we have contained inflation and low interest rates. "

"In the September quarter, business investment as a percentage of the economy reached a 50-year high - surging ahead to reach 18.5 per cent of GDP - and we expect it to rise further over the next year or so. In fact mining firms are planning to spend more than twice as much this year as they did two years ago. "

" A record $268 billion of resources projects are largely locked in, and this will drive investment and lift our export volumes in coming years. That's the third phase - we know that the upswing in actual mining production, output and export volumes is still ramping up and that this will be a driver of Australia's economic growth in future years. That's also when we get the real pay-off in terms of productivity from the mining boom – the output from those huge investments we're seeing. And the fact is that we've already started to convert the prices boom into more enduring economic capacity, and this is in stark contrast to resources booms of the past."

"We are a capital hungry country and we've built on our strong reputation as one of the most attractive investment destinations in the world. At 4.3 per cent of GDP in 2011, Australia's foreign direct investment inflows are more than double that of the OECD average. "

"Which means Australia is now one of only eight countries in the world with the gold-plated, AAA rating with a stable outlook from all three global ratings agencies – a coveted trifecta."

"Just like President Obama here in the United States, the overwhelming priority of our Labor Government in Australia is to sensibly support the jobs and livelihoods of working people and growth for our economy. That's never been a priority of our opponents or their far right counterparts around the world whose instinct is to cut hard and deep with no concern for jobs and with no plan to invest for the future. By contrast, our focus from day one has been on carving out a pathway of consolidation, but in a way that's appropriate for our economy. We've taken important steps to ensure our long-term fiscal sustainability by taking savings which compound over time, avoiding a much harsher adjustment down the line."

"The budget outcome for 2012-13 has no bearing at all on our determination to make room for our medium-term priorities like the Gonski education reforms and the National Disability Insurance Scheme. That's in sharp contrast to the previous government which failed to take advantage of mining boom revenues to save and invest for the future, with a recent IMF paper making the point that they presided over a period of wasteful 'fiscal profligacy'."

"We know that our fiscal stimulus alone saved something like 200,000 Australian jobs. That's equivalent to saving over 2 million jobs if our economy was the same size as yours here in the United States."

"Our economy has notched up 21 consecutive years of growth, a record unmatched by any other advanced economy over this period. We recently became the 12th largest economy in the world – jumping three places in the last five years – and with only the 51st largest population in the world, so we continue to punch above our weight. "

"We've created over 800,000 jobs since November 2007 while something like 30 million people have lost their livelihoods around the world. "

No wonder he is Treasurer of the Universe.

http://www.treasurer.gov.au/wmsDisplayDocs.aspx?doc=speeches/2013/002.htm&PageID=003&min=wms&Year=&DocType=1