GONE, BABY, GONE: The plan to fix the mother of all deficits

Tonight's Federal Budget will see the baby bonus scheme scrapped from March 1 next year to plug an $18 billion deficit for 2013/14. Treasurer Wayne Swan will now hang Labor's election hopes on a $100 billion boost for Australia's education and disability sectors.

Budget 2013: Baby bonus and family funds take hit as government aims to save $43 billion | News.com.au