Treasurer Wayne Swan has praised Australia's robust economy following the global financial crisis, saying the situation in Greece shows risks still exist for global markets.
Handing down his third Budget, and the last for the Rudd Government's first term, Mr Swan pointed to a number of signs showing Australia's economic health.
"Fiscal stimulus, monetary policy, a well-supervised banking system and our close ties with Asia all served to protect our country," he says.
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"Advanced economies contracted by over three percent in 2009, while Australia grew 1.4 per cent."
The Treasurer says the instability in Greece served as a backdrop to a difficult Budget, and that the situation in the European nation is a "stunning reminder" of the risks to the economy following the devastating global financial crisis.
The Rudd Government has handed down a cautious Budget aimed at spruiking its economic credentials in what's likely to be an election year.
