Budget takes $10b welfare hit

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 2-Oct-14

Prime Minister Tony Abbott says the Australian Government still aims to roll out cuts to welfare spending worth $A10bn. This is despite the Budget measures having been abandoned in a compromise deal struck with the Opposition. The Australian Labor Party will now vote for a bill that contains $A2.7bn worth of cuts, after negotiations were fruitful on 1 October 2014. Treasurer Joe Hockey and Finance Minister Mathias Cormann will also continue to hold talks with independent and minor party senators on getting more bills passed

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS

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