Coalition Response to the 2010-11 Budget

18th May 2010

The Shadow Treasurer, the Hon. Joe Hockey MP, today addressed the National Press Club in Canberra.

The speech was a continuation of the Coalition’s response to the Budget, following the Leader of the Opposition, the Hon. Tony Abbott MP’s Budget Reply last week.
Mr Hockey has released a document outlining the Coalition’s proposed savings measures which include:

Mr Hockey indicated that, in total, the proposed savings measures sum $46.718 billion.

The full Coalition savings outline is available at http://resources.news.com.au/files/2010/05/19/1225868/723185-coalition-savings.pdf.
The document notes that some program savings will be offset by lower cost and more effective Coalition programs, however further details are not available at this time.
Mr Hockey also announced that in Government, the Coalition;
Mr Hockey also released a paper detailing the Coalition’s economic principles, Rebuilding Sustainable Prosperity.
The paper outlines the Coalition’s underlying economic ideology, including that:
The paper is available online at http://www.liberal.org.au/~/media/Files/Policies%20and%20Media/Economy/Coaition%20Economic%20Principles%2018%20May%202010.ashx).

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