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Deloitte tips Australia will need to cut spending and raise ‘some’ taxes shortly

“Australians do need to realise that there’s an eventual bill to pay – it isn’t nearly as large as many seem to fear, but nor is it nothing,” Deloitte has warned.

Deloitte tips Australia will need to cut spending and raise ‘some’ taxes shortly
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Deloitte tips Australia will need to cut spending and raise ‘some’ taxes shortly

While Australia’s recovery has been termed “remarkable”, with official forecasts left well behind, the country is not out of the woods yet, with Deloitte warning that we will need to save an equivalent of $40 billion a year to get the budget back into balance.

Read more at nestegg

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