Australia’s finance minister may need to reprise the toughness she showed in overcoming racial abuse and gaining control of a university political club to succeed in her new role.
Australia’s economy will recover faster than anticipated from last quarter’s contraction driven by a record mining boom, and the government won’t relent to pressure to scrap new taxes, Finance Minister Penny Wong said.
Australia’s chances of delivering a budget surplus are diminishing as the government’s revenue is being curbed amid a period of weakness in the economy, Finance Minister Penny Wong said.
Australia will see a “tough budget” this year as recent natural disasters, slower consumer spending and a strong local dollar take their toll on the nation’s economy, Finance Minister Penny Wong said.
Australian Finance Minister Penny Wong said that the government won’t negotiate on getting the budget back to surplus in 2012-2013, the Australian Financial Review said, citing the minister.
Australia’s Finance Minister Penny Wong said this week’s budget was aimed at boosting jobs growth as the government stays committed to returning the country’s finances to a surplus.
Australia will get its fiscal settings right by returning the budget to surplus, improving its sustainability in the face of global economic woes, Finance Minister Penny Wong said.
The Australian government will build a “lasting and deep community consensus” on the need for a price on carbon, Climate Change Minister Penny Wong said at a conference in Brisbane today.
"Election campaigns are often tough and this one is particularly tough and we've always said we're the underdog."
- Penny Wong on Aug 23, 2013