Tag Archives: budget

Tony Abbott defends controversial 2014 spending budget measures

Posted December 09, 2015 00:40:07

Former prime minister Tony Abbott says he will continue to defend some of the most controversial measures from the 2014 federal spending budget, which put forward billions of dollars reduce from health, education and foreign help.

The Abbott Government slumped in opinion polls right after announcing its first price range.

Speaking on Sky News, Mr Abbott stated he would continue to stand by budget policies including the $ 7 GP co-payment and generating unemployed men and women under 30 wait six months for the dole, along with university fee deregulation and pension indexation modifications.

“Now all of these issues, I think, were justifiable and proper,” Mr Abbott stated.

“Certainly, in the situations of the aftermath of that spending budget, they struggled, but nonetheless they were all extremely defensible policies and I am content to continue to defend them.”

Mr Abbott described the Opposition and Senate crossbench as “obdurate”, and said they needed to ask themselves why they did not pass the measures.

“What was so incorrect with allowing our universities the freedom that they want to be the greatest in the globe?” he said.

“What was so wrong with seeking a modest copayment for visits to the GP?

“What was so wrong with saying that we are going to adjust the indexation technique for pensions beyond the subsequent election?”

Abbott on Islam: ‘All cultures are not equal’

In a wide-ranging interview, the conservative MP said there necessary to be a “religious revolution” inside Islam and declared “all cultures are not equal”.

“We’ve got to function closely with live-and-let-reside Muslims simply because there demands to be, as president [Abdel Fattah] Al-Sisi of Egypt has mentioned, a religious revolution inside Islam,” he mentioned.

A culture that believes in decency and tolerance is considerably to be preferred to a single which thinks that you can kill in the name of God.

Former prime minister Tony Abbott

“All of these issues that Islam has never ever had — a Reformation, an Enlightenment, a effectively-created notion of the separation of church and state — that needs to come about.

“But we cannot do it Muslims have got to do this for themselves. But we need to perform with those who are pushing in that direction.

“All cultures are not equal and, frankly, a culture that believes in decency and tolerance is a lot to be preferred to a single which thinks that you can kill in the name of God, and we’ve got to be ready to say that.”

Mr Abbott will make a speech in Singapore tonight and will further talk about Islam and extremism.

He will also meet Singapore’s prime minister, Lee Hsien Loong.

Voters ‘overwhelmingly’ want Abbott to keep in public life

The Member for Warringah was ousted by Malcolm Turnbull in September and has given that sat on the backbench.

Tony Abbott mentioned voters “overwhelmingly” wanted him to stay in public life, and gave no indication he desires to retire from politics.

“I’ve had literally thousands and thousands of messages of assistance and encouragement since mid-September,” Mr Abbott stated.

“I’ve had a lot of men and women speak to me as I get around the electorate and nonetheless to some extent about the nation and the message that I’m obtaining from them, overwhelmingly, is that I nevertheless have a contribution to make to our public life.”

The ABC understands no pre-selection date has been settled for Mr Abbott’s Sydney seat of Warringah.

Mr Abbott mentioned he hoped future prime ministers continue to invest a week each and every year in remote Indigenous communities, adding he intended to in 2016.

Topics: abbott-tony, federal-government, federal-parliament, budget, government-and-politics, australia

Agen Sabung Ayam

China slowdown to hinder Australia’s return to spending budget surplus: Deloitte

Posted November 30, 2015 01:23:48

The slowdown in China indicates the Australian spending budget is unlikely to return to surplus unless changes are made to its existing settings, a major economics forecaster says.

The latest budget monitor from Deloitte Access Economics forecast the total deficits more than the subsequent four years would be $ 38 billion worse than predicted in the federal spending budget in May possibly.

“China continues to slow, that puts stress on Australia’s economy in a quantity of approaches and you’re seeing that show up in a lack of taxes compared to spending budget expectations,” Deloitte Access Economics partner Chris Richardson stated.

The Might spending budget forecast a deficit of $ 35.1 billion for 2015-16, but Mr Richardson predicted the Mid Year Financial and Fiscal Outlook (MYEFO) in December would show the predicament had worsened to $ 40.3 billion.

“Over the subsequent four years we see a shortfall this economic year of a bit more than $ five billion, but that grows to $ 8 billion, $ 11 billion, and certainly that last year, 2018-19, we see a shortfall of nearly $ 13 billion compared to the official price range forecast,” Mr Richardson told AM.

Mr Richardson stated obtaining the budget back to surplus did not have to come about “tomorrow”, but should be a purpose for the next decade.

“On existing settings, no we’re not going to get a surplus,” he mentioned.

“China has produced it so difficult that unless Canberra gets its act together, the Senate has to pass stuff, and we would see a substantial savings task in spending, but also that you cannot ignore taxes as effectively.

“I would say the political ask about that is really fairly hard.”

NDIS, healthcare fees to hinder budget repair: Richardson

The Government has been taking into consideration a wide variety of choices to modify the tax system, but it has repeatedly mentioned it does not want to increase the general burden on taxpayers.

Mr Richardson mentioned that was a separate method to the job of spending budget repair.

“Those two issues you can have at the identical time,” he mentioned.

“Tax reform isn’t about cutting or raising taxes, it is about having greater taxes and that is a lovely discussion that the Government is leading, but it does imply that price range repair is not straight component of that tax reform equation, and spending budget repair itself continues to get tougher and tougher to do.”

Deloitte Access Economics mentioned while it believed Australia must have national disability insurance, the NDIS and predicted increases in fees for health and aged care would make returning to surplus even tougher.

“I do not think Australians recognize that they have voted for a assortment of promises to themselves that the tax method merely does not pay for, and that is a actual issue in our national social compact,” Mr Richardson mentioned.

“The federal budget will hold not adding up, unless and until Australians realise we need to reduce back on promises to ourselves and maybe to raise taxes as nicely to close that gap.”

Subjects: company-economics-and-finance, spending budget, tax, markets, australia, china

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Stamp duty revenue drives budget surplus of $500 million: Victorian Government

Posted November 27, 2015 18:31:26

Victoria's Treasurer Tim Pallas Photo: Victoria’s Treasurer Tim Pallas says a massive enhance to the bottom line is due the booming property marketplace. (ABC: Alison Savage)

Powerful stamp duty income has underpinned a greater than anticipated spending budget surplus of $ 500 million, the Victorian Government says.

Treasurer Tim Pallas released a price range update that showed the surplus had elevated to $ 1.7 billion, up from the prior estimate of $ 1.2 billion in May.

Mr Pallas attributed the huge boost to the bottom line to the booming house industry, but warned the Government could not bank on such windfalls in future.

“Our reliance upon land taxes does mean that there will be volatility,” he said.

“We can not just assume that these numbers will stay around forever.

“They basically supply us with a buffer against a downturn, if and when it comes,” he stated.

Mr Pallas stated the Government was examining techniques to tackle housing affordability, as home costs shoot up.

“It’s a single of the largest and a lot more substantial policy troubles that confront Government,” he said.

“I am very considerably conscious of it, the Government is conscious of it, and we will be looking for to address this dilemma root and branch into the future.”

Mr Pallas stated the Andrews Government had been functioning on a housing affordability strategy for months, but would not reveal if it included cuts to stamp duty or better incentives for 1st residence-purchasers.

The spending budget update also showed a larger tax-take of $ 411 million, driven by population development, but public sector costs grew by five per cent.

“We have observed an boost as a consequence of the quantity of folks that are getting employed,” he mentioned.

But Opposition spokesman John Pesutto accused the Government of losing manage of the economy.

“What we’re seeing here are some quite ominous signs on the EBA (enterprise bargaining agreement) front,” he said.

“The massive query for Victorians to ask is what are they obtaining out of this? They are not receiving considerably.”

Across the budget and forward estimates, surpluses are set to total $ 6.7 billion.

Subjects: budget, government-and-politics, tax, vic

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