CANBERRA, Australia (AP) – Australia’s treasurer on Tuesday promised a budget for the next fiscal year that would be fair and rein in mounting debt.
Treasurer Scott Morrison will outline his second budget and his conservative government’s first since narrowly winning a second three-year term at elections in July.
He would not say whether he would retain last year’s target of returning the budget to surplus in 2020-21.
“This budget is about making the right choices to secure the better days that are ahead,” Morrison told reporters when he arrived at Parliament House.
“It’s based on the principles of fairness, of security and of opportunity. The choice to ensure that we grow our economy for more and better-paid jobs,” he added.