TIOL-DDT 1707 · Wednesday, 5 October 2011 · story 7 of 8

Money Spent Has to be Paid For - Aussie PM

OPENING a two day Tax Forum in Canberra yesterday, Australian Prime Minister Julia Gillard said, "Money spent has to be paid for". She also said, "Clever ideas about spending money have to be matched with clever ideas about where that money is coming from"

Other quotes from her economic speech:

++ government would not contemplate any changes that increased the burden on the poorest Australians.

++ it was crucial that any reforms did not inhibit the changes Australia needed to make to deal with external circumstances, such as the increase in the influence of Asia and the patchwork economy.

++ People will need to adapt in order to prosper, and I want to make sure our tax system is not sending them perverse messages as they seek to adapt and change.

++ Let's not forget that tax is the money that enables us to build a better society together. Whether it's meeting our needs for defending our nation, or whether it's ensuring that a child can get an operation in a hospital or a disadvantaged kid can get a great start in life through a great education.

++ We need to bear both sides of the equation in mind.