Corporate news is headlined by National Australia Bank's first-half results, while News Corp announces third-quarter results and Optus hands down figures for the year.
Overseas, Europe’s two elections will dominate with left-leaning Francois Hollande a hot favourite against incumbent Nicolas Sarkozy on Monday and Greece’s two major parties to cobble together a coalition, although a result there may take up to a week to become clear.
Elsewhere, China will release key economic data with inflation expected to fall, despite high vegetable prices caused by bad weather.
On Tuesday night, Treasurer Wayne Swan delivers the federal budget in Parliament House, Canberra, at 7.30pm. The budget will be televised live on ABC TV.
The government has promised to produce a surplus despite the RBA implementing an expansionary monetary policy by cutting the cash rate by 50 basis points to 3.5 per cent this month.
It means there will be drastic cuts to some sectors of the economy and the ramifications of those cuts will dominate the finance world.
The treasurer will hit the airwaves throughout the week and conclude on Friday with an address in Brisbane to the Committee for Economic Development in Australia. There he will be joined at the lectern by RBS Morgan chief economist Michael Knox.
In other local news, the week kicks off on Monday with the release by the Australian Bureau of Statistics of retail trade figures as well as building approvals for the March quarter.
ANZ Bank will set out job ads data for April, while National Australia Bank's monthly business survey for April and AIG-HIA's performance of construction index is due.
The National Manufacturing Week expo begins on Tuesday at Sydney Showgrounds and runs until Friday.
On Tuesday, the ABS releases for international trade price data and retail sales in the March quarter.
Thursday brings ABS publishes the latest unemployment rate as well as other labour force data.
Then on Friday, the ABS will release additional information regarding Monday’s building approvals release.
The week in corporate news begins on Monday with the release of Orica's its interim results.
Also on Monday, AAT Corporation and GPT Management Holdings hold annual general meetings.
Tuesday will see OneSteel shareholders vote on a company name change, while Oil Search holds its AGM.
Wednesday brings AGMs for Sigma Pharmaceuticals and Grange Resources.
On Thursday, investors will watch as National Australia Bank unveils first-half results, News Corp announces third-quarter results and Optus hands down results for the year.
Meanwhile, Rio Tinto holds its AGM in Brisbane, while AMP and Caltex also hold AGMs.
On Friday, all eyes will be on ANZ Bank's interest rate decision, while Macquarie Group has its record date for the 2012 ordinary final dividend.
OM Holdings investors will meet for the company's AGM.
On Monday, the US Federal Reserve releases consumer credit figures, forecast to be up $1.3 billion to $10 billlion.
Spanish industrial production figure are released with analyst forecasting a 4.9 per cent drop, up from last month’s 5.1 per cent fall.
On Tuesday, we see how confidence is faring in the US at the grassroots level with the release of the monthly small business optimism index from the National Federation of Independent Business.
Wednesday brings US wholesale trade figures are published by Bureau of the Census.
On Thursday, the ECB releases its monthly report on the economic outlook for Europe while the BoE makes its monthly interest rates decision and announces its asset purchase facility.
Back in the US, international trade figures are released well as the weekly jobless claims and import and export prices, while the Financial Management Service also presents the monthly budget statement.
On Friday, China publishes its CPI figures for April, with experts expecting a decline from March’s 3.6 per cent to between 3.5 and 3.3 per cent year-on-year.
Friday also sees Chinese industrial production numbers, with analysts expecting a rise in April to 12.3 per cent year-on-year from 11.9 per cent in March, suggesting that economic growth is now close to trend.
China also releases retail sales and fixed asset investment data.
The US get its Producer Price Index, with little movement expected, while the University of Michigan also publishes its twice-monthly consumer sentiment survey, with analysts expected a slight fall.
Finally, Germany also releases CPI data while Canada will publish its unemployment rate, which was last month at 7.2 per cent.
On Wednesday, the Australian Institute of Company Directors holds an information seminar in Launceston, presented by Autech Software and Design chief executive Darren Alexander, on how to build businesses with broadband.
On Thursday, US Federal Reserve chairman Ben Bernarnke will deliver an address titled "Banks and bank lending: The state of play” to a banking conference in Chicago.
In Sydney, Microsoft managing director Pip Marlow and HPCG director Hannah Piterman address a Committee for the Economic Development of Australian conference on "Women in Leadership”.
Finally on Friday, CEDA hosts a post-budget briefing in Melbourne, with ANZ senior economist Craig Michaels and News Limited business writer Terry McCrann.