Complex sentence: While not an ideological conservative in the tradition of Margaret Thatcher, Filmon presided over an an austerity program of budget cuts and increased taxes which resulted in a balanced budget in 1995 (the first in 20 years).
Split into simpler sentences: While not an ideological conservative in the tradition of Margaret Thatcher, Filmon presided over an an austerity program of budget cuts and increased taxes. These measures resulted in a balanced budget in 1995 (the first in 20 years).