Original article by John Kehoe, Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 16-Apr-19
Finance Minister Mathias Cormann is confident that the Coalition can reduce government spending to about 23.6 per cent of GDP over the next decade, as outlined in the April 2019 Budget. Danielle Wood of the Grattan Institute warns that this would require spending to be cut by $40bn a year in order to finance tax cuts and retain a surplus. Meanwhile, shadow treasurer Chris Bowen has described the second and third stages of the government’s tax cuts package as "utterly unsustainable, unaffordable and irresponsible". Labor supports the first stage of the tax cuts, and Bowen says further cuts will be considered in the context of each Budget.
AUSTRALIA. DEPT OF FINANCE, GRATTAN INSTITUTE, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY