Wayne Swan to announce billions in spending cuts

Wayne Swan to announce billions in spending cuts

The Federal Government is expected to announced around $4 billion of public spending cuts, when its hands down its mid-year budget forecast later today.

It’s believed part of the measures will see overseas workers, backpackers, and some migrants forced to pay more for visas.

Federal Treasurer Wayne Swan says the cuts are needed to offset a decline in revenue from weaker commodity prices over the last six months.

He says the cuts will be targeted and responsible, to ensure Labor can continue delivering education and disability reform, while still bringing the budget back to surplus on time.

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Libby Dreyer
Libby Dreyer 1729 posts

Libby has worked as a Senior Journalist at National Radio News since February 2011. She graduated with a Bachelor of Journalism from the University of Canberra in December 2010.

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