Joe Hockey Defends His Budget In Speech To The Sydney Institute

The Treasurer, Joe Hockey, has delivered an aggressive defence of his first Budget, in a speech to The Sydney Institute tonight.

Hockey

Hockey took issue with claims that the Budget increases inequality: “I would argue the comments about inequality in Australia are largely misguided, both from an historical perspective, and from the perspective of the Budget.”

On claims that the Budget is unfair, Hockey said: “This misguided cry is made on the claim that not everyone is asked to contribute equally and that in the future some people will pay more for government services or receive less in payments.” [Read more...]


Treasurer Joe Hockey Responds To ACOSS Concerns About Federal Budget

The Treasurer, Joe Hockey, has appeared at a forum held by the Australian Council of Social Service and taken questions about the impact of the Budget on welfare recipients.

The forum was hosted by ACOSS CEO Cassandra Goldie. It was one of a series of appearances by the Treasurer in the aftermath of last week’s Budget.

Hockey

Hockey repeated his remarks from a 2012 speech about The End of the Age of Entitlement that an expansion of the welfare system has resulted in extending welfare “higher and higher up the pay scale”.

He said the government wanted to see a “sustainable safety net” and “to make sure that there is appropriate support for those that are helping to provide services to those most vulnerable in the community”.

ACOSS is the peak body of the community services and welfare sector. It describes itself as “the national voice for the needs of people affected by poverty and inequality”.

  • Listen to Hockey at the ACOSS forum (77m)

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Transcript of Treasurer Joe Hockey’s opening remarks to ACOSS

Post Budget Address to ACOSS

Thanks Cassandra. I think I’m mic’d up here. Firstly to you, thank you for asking me along and I don’t think it’s a traditional thing for Treasurers to come along to ACOSS conferences but I really did want to come. I wanted to come really to begin by expressing my gratitude to all of you for what you do on a daily basis. I know what you do can be not only physically challenging but emotionally challenging and I really do appreciate what you do. I really, really do appreciate what you do. [Read more...]


In National Press Club Address, Hockey Says His Budget Changes The Country For The Better

The Federal Treasurer, Joe Hockey, says his first Budget changes the country for the better.

Delivering the traditional post-Budget Address to the National Press Club, Hockey said: “We now have a fire in the kitchen – we have to put it out.”

Hockey

Hockey claimed there is significant structural change in the Budget that “takes us back to surplus”.

Hockey stressed that the Budget makes welfare more sustainable over time. He said much of the criticism of the Budget “is based on politics, not economics”.

  • Listen to Hockey’s speech (27m)

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  • Listen to Hockey’s Q & A (33m)

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  • Watch Hockey (59m)

Transcript of Treasurer Joe Hockey’s Address to the National Press Club.

Thank you, Laurie. To all my colleagues and so many friends, thank you so much for coming along today to the National Press Club. Last night we did deliver a blue print for the future of the Budget, the future of the economy and perhaps even the future of the nation. [Read more...]


Treasurer Joe Hockey’s 2014-15 Federal Budget Speech; The Abbott Government Arrives

The Treasurer, Joe Hockey, has delivered the first Federal Budget of the Abbott government, increasing taxation on high income earners and re-introducing fuel excise indexation. Big cuts in foreign aid head a raft of spending reductions across most government departments with health, education, the young unemployed and seniors hit hard. The government has earmarked $11.6 billion for infrastructure spending on road and rail projects, and will establish a $20 billion medical research fund from a new $7 co-payment for visits to the doctor.

The Budget forecasts a deficit in 2014-15 of $29.8 billion, down from the $49.9 billion deficit for 2013-14. It predicts an economic growth rate of 2.5%, a consumer price index increase of 2.25%, and a small increase in unemployment to 6.25%.

Hockey

As revealed over recent weeks, the Budget imposes a 2% levy on people earning over $180,000. This is expected to raise $3.1 billion over 4 years. Indexation of fuel excise is re-introduced and is expected to raise $2.2 billion over 4 years. Company tax will be cut from 30% to 28.5% in 2015. [Read more...]


A Message From The Treasurer

The first Budget of the Abbott government is due to be delivered at 7.30pm tomorrow.

The Treasurer, Joe Hockey, released this video message today.

  • Watch Hockey (38s)