The measures outlined in last week’s Budget are absolutely necessary to secure Australia’s
The Budget outlines a clear plan – in fact, the only plan – that will address Labor’s
debt and deficit disaster.
Let’s remember the problem that the Government is trying to fix.
When the Coalitions last left office, Australia
had a $20 billion surplus and $50 billion in the bank but over six years, Labor squandered
this and ran up five record deficits and a further $123 billion in projected deficits
and gross debt headed towards $667 billion.
You pay for that. You pay for that debt every single day and every month Australia is spending
one billion dollars just to cover the interest on Labor’s debt.
At the moment we are borrowing to pay that
interest, which is like a household paying the mortgage on a credit card.
In my view, that is simply unsustainable.
So through the Budget the Government delivered
an Economic Action Strategy that will put Australia’s finances back on a sustainable
Our plan will strengthen the economy, create jobs and reduce Labor’s debt by almost $300
We need to take action now or an even greater burden will fall on our kids’ generation.
Now, the Labor Party is desperately trying
to scare people by spreading untruths about the Budget.
For example, they won't tell you that funding
for schools and hospitals increases each and every year under our Budget.
And that the rate of the pension will continue
to go up twice a year, every year.
You can get all the facts at www.budget.gov.au