Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

I think I have explained what the Treasurer's thinking is, in some detail, in answer to the first question. The Treasurer's thinking and the Treasurer's focus is on how we can best strengthen growth to create more jobs and create better opportunities for people across Australia to get ahead.

As part of our overall plan for stronger growth and more jobs, on top of what we are doing in terms of helping Australian businesses get better access to new markets overseas and on top of what we are doing in the infrastructure space and on top of what we are doing in terms of deregulation to reduce the cost of doing business in Australia, we are also continuing to look at how our tax system can be improved.

In last year's budget we reduced taxes for small business to help them be more successful in the future and to help them employ more Australians. In this year's budget there will be a series of initiatives and measures on the revenue and on the spending side of the budget to strengthen growth, create better opportunities and deliver them in a way that is affordable. (Time expired)