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Sky News On The Hour 3pm -

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Delivering unrivalled live coverage - this is Sky News, Australia's news channel.

This is PM Agenda.

Good afternoon. Welcome to the program. As far as broken promises go, this was a doosy. Political painful but economically necessary, the Treasurer today finally conceded that the budget surplus is unlikely to be delivered. This follows the last two years or more of promises guarantee s, pledges from the Treasurer, the Prime Minister and many others in the Government that the surplus would be delivered, no ifs, no butts come hell or high water. Look at some of the guarantees that were made.There is no clearer sign of a strong economy than