On 8 May 2018 the Treasurer announced the budget for 2018/19. As is customary the Treasurer follows up the next day with a National Press Club of Australia Post Budget Address, held in the Great Hall in Parliament House, Canberra.
After the Treasurer delivers his address a Q&A session follows with questions from the media.
Michael Keating from Keating Media and Editor-in-Chief of Inside Canberra is shown in this video asking a question.
Below is the transcript of the above video.
Michael Keating from Keating Media Treasurer. In budget paper no. 1 it says there are downsized risks in the medium term from things like geopolitical uncertainty that Malcolm has mentioned, protectionism, failure in the non-mining sector investment, spare capacity in the labour market, and the labour shortage itself, what specific measures are being put in place by the Government to manage these risks?
Well, I encourage you to read all of Budget Paper 1 because it sets out our plan for a stronger economy, which deals with everything from a new medical industry plan, what we’re continuing to do in the defence industries, what we’re continuing to do to invest in science and technology, and expand our export trade. All of these things are designed to create a stronger economy. Now, we can all sit here and become very bleak about the risks that sit outside this building. We need to acknowledge them as I’ve said. We need to understand them and our best bulwark against all of that is a stronger economy.