Australia’s budget will remain in deficit for longer than forecast and the government faces tough decisions to make up for tax revenue shortfalls caused by the currency’s sustained strength, Treasurer Wayne Swan said. “The money simply isn’t coming in the door like it used to,” Swan said in the text of an address to be given in Melbourne today, before delivering the federal budget on May 14. “That means as a country we are facing some very difficult choices.” The currency has held above parity with the U.S. dollar for 10 months, the longest stretch since it was freely floated in 1983, bankrupting manufacturers unable ... (full story)