Tony Abbott has described the Mid-Year Economic and Fiscal Outlook as a “crisis mini-budget.”
Speaking at a joint press conference with Shadow Treasurer Joe Hockey and Shadow Finance Minister Andrew Robb, Abbott claimed there is now no buffer against international economic problems because of the incompetence of the government.
- Listen to Abbott, Hockey and Robb (19m)
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Transcript of joint press conference with Leader of the Opposition Tony Abbott, Shadow Treasurer Joe Hockey and Shadow Finance Minister Andrew Robb.
TONY ABBOTT: Today the Government has finally admitted what the Coalition has been saying for months. Namely, there is a crisis in Europe, there is a global economic slowdown and it will impact on Australia. I want to make the fundamental point that this is a government which is imperilling our ability to respond to this global problem. It is imperilling our ability to respond to this very serious set of international economic numbers.
This is a government which is making a bad situation worse with its new taxes and with its continuing waste. There is no good time to introduce bad taxes but this is the worst possible time to be introducing a carbon tax and a mining tax which are going to damage Australia’s international competitiveness. [Read more...]