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Calls for spending cuts

Scott Morrison speaks at a press conference
Scott Morrison speaks at a press conference Source: ABC Australia

Treasuer Scott Morrison has emphasised a need for spending restraint to repair the budget and tax reform to boost growth and revenue, in a pre-budget speech. In his first appearance to the National Press Club as treasurer, and just months out from his pre-election budget, Mr Morrison mentioned global market volatility especially in China as a factor affecting Australia's economy.


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By Vaios Anastassopoulos

Source: SBS



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Treasuer Scott Morrison has emphasised a need for spending restraint to repair the budget and tax reform to boost growth and revenue, in a pre-budget speech. In his first appearance to the National Press Club as treasurer, and just months out from his pre-election budget, Mr Morrison mentioned global market volatility especially in China as a factor affecting Australia's economy.



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