Budget cuts at right pace to grow: Hockey

Treasurer Joe Hockey does not believe he is cutting the budget too fast as to hurt economic growth.

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.

Source: AAP