Coalition cuts add $221bn to budget

Original article by David Crowe
The Australian – Page: 4 : 23-Aug-16

Finance Minister Mathias Cormann has indicated that the Budget bottom line will be boosted by $A26bn over the next four years, due to spending cuts that have been made since the Coalition took office in 2013. The Coalition also estimates that spending cuts could potentially bolster the Budget by about $A221bn over the next decade or so. Cormann has also urged the Australian Labor Party to support some $A6.5bn worth of spending cuts that it did not oppose during the 2016 election campaign.

CORPORATES
AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY

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