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NewsMail Afternoon Edition
Tue 25 Feb, 2014

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Abbott flags cuts to growth of health and education spending

Prime Minister Tony Abbott has flagged he wants to curb spending growth in health and education in the longer term.

Mr Abbott promised at the election he would not make cuts to the overall health and education budgets.

But in last night's speech to the Australian-Canada Economic Leadership Forum in Melbourne, the Prime Minister suggested he would move to curb spending growth to help balance the budget.

"We will keep our pre-election commitments to maintain health spending and school spending, but we must reduce the rate of spending growth in the longer term if debt is to be paid off and good schools and hospitals are to be sustainable," he said.

"You can't spend money until you can have the means to pay it back. As this Government said pre-election, within three years, Australia will be on track for a sustainable surplus."

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The Drum

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Another G20 deal for everyone to ignore

It's a bit much to say Joe Hockey had a "win" by striking a deal with G20 finance ministers given the organisation itself is fundamentally worthless.

The ease with which the G20 signed up to a growth agenda now the GFC has abated is a sign of its irrelevancy rather than vibrancy.

Ultimately countries are going to pursue their own domestic agendas and organisations like the G20 either endorse pre-existing national policy preferences or are ignored.

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Just In

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Will the Cambodia refugee proposal work?

If the Malaysia solution was complicated enough, Cambodia will be tricky in a much less developed country, writes Zoe Daniels.

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World

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Death toll rises as Venezuela anti-government protests continue

Anti-government demonstrators have put up barricades and set fire to rubbish in Venezuela's capital, Caracas, despite calls from within the opposition to rein in protests that have led to 13 deaths in the country's worst unrest for a decade.

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Business

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Qantas still keeping job loss numbers below the radar

Qantas is refusing to comment on speculation that it will announce 5,000 job cuts when its half-year results are released on Thursday.

The struggling carrier is under pressure to restructure its finances as it seeks a debt guarantee from the Federal Government.

However Qantas says it will not comment on the latest job cut figure reported by News Limited tabloid newspapers, which quote an unnamed Qantas source.

"There is lots of speculation about what things we will or won't announce on Thursday, but we're not in a position to comment on that speculation," a Qantas spokesman told the ABC.

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Politics

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Will the Cambodia refugee proposal work?

If the Malaysia solution was complicated enough, Cambodia will be tricky in a much less developed country, writes Zoe Daniels.

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Sport

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Postecoglou to go for 'new look' against Ecuador

Socceroos coach Ange Postecoglou is poised to reveal some of his hand regarding his World Cup selection plans.

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Science and Technology

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Qld scientists hope to turn China's red bayberry into Aussie favourite

Queensland scientists are hoping to turn a traditional Chinese fruit into a new Australian favourite.

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Environment

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No reliable link between wind farms and health problems, NHMRC says

No reliable evidence exists that wind farms directly cause health problems, a review by the National Health and Medical Research Council has found.

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