Australia to Control Spending to Reach Budget Surplus, Swan Says
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Australia will focus spending on vital services such as education while cutting expenditure in order to return the budget to surplus this fiscal year, Treasurer Wayne Swan said.
The government made more than A$130 billion ($137 billion) in savings over the past five budget periods and measures such as reducing private health insurance rebates for high income earners would enable it to reach the goal of a surplus, Treasurer Wayne Swan said yesterday in his weekly economic note.