Securing
Australia’s Economic Future
Sunday, 25 May 2014
The measures outlined in last
week’s Budget are absolutely necessary to secure Australia’s economic future.
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 footing.
Our plan will strengthen the
economy, create jobs and reduce Labor’s debt by almost $300 billion.
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. |
