Prime Minister Tony Abbott defended the budget and said Australians were put “on notice” about spending cuts before the last election, as polls showed his approval ratings and support for the government slumping.
Australia will cut spending on foreign aid, welfare and the public service and impose a tax on the highest paid as Prime Minister Tony Abbott uses his first budget to downsize government and set a path to surplus.
Australia will cut spending on foreign aid, welfare and the public service and impose a tax on the highest paid as Prime Minister Tony Abbott uses his first budget to downsize government and set a path to surplus. Treasury forecast a A$29.8 billion deficit for the 12 months through June 2015, down from A$49.9 billion this fiscal year, with shortfalls narrowing in the following three years, budget papers released in Canberra show. It announced a A$11.6 billion infrastructure package to help a shift from mining-led growth, and will start a A$20 billion medical research fund. Echoing the past coalition government, Abbott is cutting programs and imposing new levies, betting a firmer fiscal footing will help win over voters in time for elections due to be called by 2016. The looming consolidation, which will see 16,500 civil servants lose their jobs, was described as a “headwind” for the economy by the central bank last week. “The days of borrow and spend must com
Twice as many civil servants than mining workers were hired in Australia’s 10-year resources boom, enlarging the bureaucracy and inflating public spending. Cutting back is now a priority for a government seeking budget savings.
Tony Abbott had learned to box only a few months before that night in 1982 when he climbed into the ring for the deciding bout in the Oxford-versus-Cambridge annual collegiate boxing contest. And he faced a taller opponent with a longer reach.
Former Australian Prime Minister John Howard , who once described himself as a “cricket tragic,” today lost his bid to serve as president of the sport’s governing body from 2012 due to lack of support from its board.