In a little over two weeks, the Treasurer will hand down the Budget.
It’s the first Budget for this Government and it is part of our Economic Action Strategy.
It will be a Budget of long-term structural reform and it will be a Budget that keeps our commitments.
The Government will make a range of decisions which are important for Australia's long-term economic strength, because the most fundamental commitment that we gave at the election was to build a strong and prosperous economy for a safe and secure Australia.
In this Budget, we will strengthen the economy so that families have more jobs, lower power bills and overtime more opportunities to get ahead.
The abolition of the carbon tax will save the typical family $550 a year.
The Budget will also deal with Labor’s legacy of debt and deficit, stretching out as far as the eye can see.
Under the previous government, Australia ran up the five largest deficits in our history. They also left a projected $123 billion in future deficits and $667 billion in accumulated debt.
Already the interest bill on Labor’s debt is more than $10 billion each and every year. That’s dead money. Wasted money. It’s money that could be better used on services and helping families and pensioners to get ahead.
This Government understands that you can’t fix the economy without fixing the Budget. Equally, we understand that when you strengthen the economy, you strengthen the Budget.
So this Budget will regain control of our nation’s finances – so that all Australians can have confidence in their economic future.
27 April 2014