Australian Treasurer Scott Morrison spent 45 minutes addressing the National Press Club today delivering a speech that contained no policy proposals, no ideas for government spending, no discussion on infrastructure and no policy commitments on the reform for the tax system.
Shadow treasurer Chris Bowen said “2 1/2 years in government, five months as treasurer and we get 46 minutes of waffle, slogans and platitudes. No plans, no policy.”
The Treasury did however, said in his speech that there will be no help coming for the state governments when it comes to the funding of health and schools. State governments have been suffering from funding cuts to health and education from the Federal government after the Abbott government cut funding from 9% per year to 4.5%.
The Treasurer also hinted that more cuts were to be expected from the federal government as he said he wanted to reduce expenditure below revenue and not increase taxes.