By business editor Peter Ryan, staff 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." More » |
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