The Treasurer, Joe Hockey, says the government will release the Commission of Audit report on May 1, in advance of the May 13 Budget which he says will begin a repair job on the nation’s finances.
Hockey made the announcement during a speech at an event organised by The Spectator Australia. He also spoke with the British journalist and chairman of Spectator Magazines, Andrew Neil.
Hockey said all Australians had to contribute to the “heavy lifting” needed to get the Budget “back on track”. He said the fiscal consolidation programme to be announced in the Budget “will establish a clear path back to a surplus of 1 per cent of GDP by 2024”. [Read more…]