You are here

Turnbull ditches austerity mantra in Budget dash to middle ground

Mr Turnbull raised taxes, announcing a new levy that will raise A$6.2 billion (S$6.5 billion) over four years.


WHAT a difference three years make.

In 2014, as his government prepared to hand down its first Budget, then Prime Minister Tony Abbott claimed Australia faced a "debt and deficit disaster" and demanded everyone do "his or her bit" to bring it under control.

The cuts

Market voices on:

Powered by GET.comGetCom