Swan will hand down his third budget on Tuesday.
The Reserve Bank of Australia (RBA) has raised the cash rate for a third month in a row to 4.5 percent last week.
Greece's debt problems have continued to weigh on other euro countries, triggering widespread volatility in global financial markets last week.
European leaders were racing against the clock on Sunday to strike a new deal to fund debt-ridden euro countries and gain support from their central bankers before Asian markets open on Monday.