For the second day running, Treasurer Wayne Swan has focussed on Queensland government budget cuts and their effect on unemployment and the national economy.
At a Brisbane media conference, Swan quoted from Queensland Budget papers which itemised $3 billion worth of cuts to health funding and 2,754 full-time job losses.
- Listen to Swan’s media conference – transcript below (14m)
- Listen to Swan’s media conference yesterday on the CPI figures (19m)
Transcript of Treasurer Wayne Swan’s Brisbane media conference.
I wanted to say a few things about the World Economic Outlook which has been released by the IMF overnight. They have expressed cautious optimism about future growth in the global economy and certainly cautious optimism is justified if policy makers get the big decisions right over the next 12 months. And in particular, policy makers in the United States when it comes to the conclusion of the negotiations surrounding the debt cap there and the other issues associated with the fiscal cliff. [Read more...]