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Australia's share of world foreign investment is increasing off the back of the sustained strength in the dollar and relatively high interest rates.

Western Australia’s export profile makes the state a goldmine of opportunity for local suppliers seeking a shortcut to international markets.

Wayne Swan delivered the Federal budget last night with a promise to return to surplus by 2012, but industry groups say it doesn’t offer enough to help business.

The IMF have told Australian leaders they should be establishing a sovereign wealth fund to ensure the economy remains strong after the current resources boom recedes. Both the Prime Minister and the Treasurer have rejected the call.

The world is "licking its lips" for Australian resources making predictions of economic doom and gloom for the May budget unrealistic, a leading economic forecaster has said.