Tanner takes razor to first round of budget cuts

Finance Minister Lindsay Tanner has revealed an initial list of 45 current or proposed government measures to be cut as part of Labor’s effort to trim government spending.

The cuts are worth $643 million, an amount Tanner says is a “down-payment” on deeper cuts to be announced on budget night in May.

Programs targeted at the business community appear to have largely escaped the razor, although $5 million has been cut from the innovation ambassador program designed to fund entrepreneurs to spread the word about innovation.

Other cuts announced by Tanner include:

  • $5.9 million in additional funding for the Human Rights and Equal Opportunity Commission.
  • $147.5 million in funding for the Growing Regions program.
  • A collective $18 million for the construction of a rugby and fishing hall of fame.

You can help us (and help yourself)

Small and medium businesses and startups have never needed credible, independent journalism and information more than now.

That’s our job at SmartCompany: to keep you informed with the news, interviews and analysis you need to manage your way through this unprecedented crisis.

Now, there’s a way you can help us keep doing this: by becoming a SmartCompany supporter.

Even a small contribution will help us to keep doing the journalism that keeps Australia’s entrepreneurs informed.

Trending

COMMENTS

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments