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Australia has recorded a trade surplus of $1.8 billion for July, influenced by their ongoing engagement with regional partners.

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 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.

Cash not flowing? Profits being compromised? Debtor not answering the phone? Not to worry, problems with payments can be managed and solved, even across the world.

A $205 million trade deficit in February has taken economists by surprise, as flooding in Queensland affects exports and oil prices drove up imports.