Reducing
Labor’s Debt
Over six years, Labor ran up a
$667 billion debt on the nation’s credit card. Every single month this debt is
costing us a billion dollars just to cover the interest bill.
You didn’t ask for Labor’s legacy
of debt, but you did ask for a government with a plan and the will to fix it.
So last Tuesday, the Treasurer
Joe Hockey handed down our first Budget.
It is a tough Budget but it is
also a visionary Budget. It is a Budget for our future. It is the Government’s
Action Strategy to fix Labor’s mess and to build a better Australia.
It lays the foundation for a
stronger economy -- by reducing projected debt by almost $300 billion over the
next decade.
This means that important safety
nets for families, for pensioners and for those that need government assistance
can be preserved into the future.
All Australians are contributing
to the Budget repair and by fixing
the Budget now, we can start straight
away on building a better and more prosperous future.
There’s a $50 billion investment
in roads and infrastructure, to create more jobs and to make it easier for you
to get around.
A stronger Budget means that we
can make it easier for everyone to get a qualification and for the first time
the same government loans that have been available to study at University, will
now be made available for people who want to get a diploma at TAFE.
We’re also establishing a $20
billion Medical Research Future Fund. This will double our nation’s investment
in finding cures for disease and better medical treatments so we can all live
healthier and happier lives.
These nation building initiatives
are only possible because we’re all working together.
By reducing Labor’s debt we can
all share in the benefits of a stronger economy, more jobs, greater wealth and
a better, brighter future for our country. |
