Cormann flags adjustments to budget


The Coalition wants to reboot its budget in an effort to get it through the Senate, with key crossbenchers still opposing the contentious health, education and welfare proposals. "There may be an adjustment here and an adjustment there, but we are absolutely determined to get our budget through," Senator Cormann told reporters in Perth. "There is still time … to engage in good faith with the crossbenchers in the Senate and work these issues through.

The PUP has said it will only back the bill if associated spending on the Schoolkids Bonus and low-income superannuation contribution is retained. "We cannot afford to keep unfunded spending promises that Labor attached to their failed mining tax," the finance minister said.

Labor and the Greens are calling on the government to dump the budget altogether. "They should just go back to the drawing board," deputy Labor leader Tanya Plibersek told Sky News.

Read more here: Business Spectator


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