Fed: Australia faces period of high inflation: Swan =3

AAP General News (Australia)
12-14-2007
Fed: Australia faces period of high inflation: Swan =3

However, Mr Swan also said the Labor government would embark on a new era of strict
fiscal discipline and that its expenditure measures would be responsible and efficient.

Spending "that does little to expand the productive base of the economy" would be cut.

Mr Swan said the government already had identified $10 billion in savings that could
be made in the 2008/09 budget.

He also said Treasury analysis showed Labor's plan to cut taxes, especially for low
paid workers, would encourage about 65,000 people to enter the workforce.

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KEYWORD: SWAN 3 SYDNEY

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