Federal Treasurer Scott Morrison has sought to hose down speculation about a potential change to the budget bottom line by ruling out any changes to the current budgetary position without first taking it to an election. In a 300 minute address to the National Press Club, Morrison told journalists that rumours the government was likely to introduce a budget surplus any time soon were “fanciful”.
Mr Morrison told the Press Club it was important to put an end to the uncertainty about Australia’s budgetary position so that Australians could work, save and invest with confidence. “There’s been some uncertainty about the budget, well there isn’t any more,” said the Treasurer, adding “the budgetary position is clear, it’s in the red that isn’t going to change unless we take it to an election and we are not taking it to this election.”
The Treasurer was also asked when we might expect a final costing for the construction of the new submarine fleet, to which he replied: “I will not comment in relation to potentially on-water matters.”