Treasurer Joe Hockey does not believe he is cutting the budget too fast as to hurt economic growth.
30 Jun 2015 - 11:46 AM  UPDATED 30 Jun 2015 - 11:50 AM

Treasurer Joe Hockey has dismissed suggestions from some banks that he is cutting the budget so quickly that it's causing a drag on economic growth.

"People can look at the tea leaves, every bank seems to have six different opinions on that, but from our perspective ... I would say we are moving at about the right speed," Mr Hockey told Bloomberg television on Tuesday while in Hong Kong.

The treasurer was making a brief visit to Hong Kong after signing up to the Asian Infrastructure Investment Bank in Beijing on Monday.