Public sector targeted in budget, Keating suggests a “longevity levy”

Public sector targeted in budget, Keating suggests a “longevity levy”

The Federal Government is expected to axe more than 200 spending programs in next week’s federal budget, as it attempts to shrink the size of government.

News Corp is reporting this morning agencies will be closed and thousands of staff will be retrenched over the coming months, in a drastic overhaul that will start with the loss of 3,000 positions in the Treasurer’s own portfolio.

Other sectors to be hit include the environment, transport, industry, agriculture and indigenous affairs portfolios.

Meanwhile, Former Labor Prime Minister and Treasurer Paul Keating says a longevity levy is required, in order to ensure Australia has the capacity to support its most vulnerable.

It comes as the Federal Government is expected to confirm in next week’s budget, a debt levy will be introduced, requiring high income earners to pay more tax in order to address the deficit.

Mr Keating has told ABC’s Lateline program overnight, a permanent levy is required, as current revenue raising measures targeting income tax don’t raise enough.

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Amy Whittaker
Amy Whittaker 1402 posts

Amy joined the NRN team in August 2011, before graduating from a B of Arts (Communication-Journalism)/B of Sports Studies from Charles Sturt University in December 2011.

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