In an interview set to be published today, Australian Prime Minister, John Howard again raised the possibility of tax cuts if the budget allows it, but admitted that the idea was a 'conceptual priority' rather than a promise.
Speaking to Bulletin Magazine, Mr Howard revealed: 'I'm not saying we can, I'm not promising. I'm simply saying all things being equal, I want the capacity left to do that. If you have a bit of room, why should you make it available for extra (government) spending?'
Despite Treasurer, Peter Costello's revelation last November that the 2002-03 budget was likely to achieve an underlying surplus of A$2.1 billion, the Prime Minister this week warned government ministers with big spending plans in mind to shelve them in the short-term, stressing that in the current uncertain climate: 'We obviously have to spend more money on defense and security'.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment