|Australia Slashes Big Government Spending|
|by Tom McGregor||Mon, May 12, 2014, 12:48 AM|
Australian Prime Minister Tony Abbott is championing conservative values in the 'Land Down Under.' He's cutting red tape for businesses and reducing the government payroll.
Channel NewsAsia reports that, "Dozens of Australian agencies and hundreds of public service jobs face the axe in Tuesday's budget, with Finance Minister Mathias Cormann saying government was too big, wasteful, and needed streamlining."
Abbott is cracking down on eco-terrorists by forbidding government funding for them. He will abolish the Australian Renewable Energy Agency.
According to Channel NewsAsia, "Cormann refused to confirm specifics of the conservative administration's first budget since taking office in September, which comes as a mining boom fades and growth remains sluggish. But the minister agreed there was room to scrap or merge some government agencies, a move which could reportedly save Aus$470 million (US$440 million)."
Abbott has just imposed hiring and pay freezes for government officials.
To read the entire article from Channel NewsAsia, link here:
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