Statement from Alex Malley, chief executive of CPA Australia

Date issued: 26 August 2013

“Opposition Leader Tony Abbott’s commitment to bring the budget back to a surplus of 1 per cent of GDP within a decade bodes well for the future of economic debate in this country.

“The reality of what the Coalition is proposing is common sense.

“We have long argued that what the country needs is a suite of measures that help stimulate broader-based economic growth, not a race to surplus for surplus’ sake.

“A budget focused on the betterment of households, business and Australia’s international competitiveness - now and into the future - must be the priority for whichever party takes office after September 7.

“A long-term plan, with spending based on realistic and sustainable revenue estimates, must be at the very core of that task.

“The Opposition Leader’s display of fiscal common sense is a good start. It sends a strong signal of stability to the business community, crucial for confidence and the creation of jobs.”

Media Contact: Stuart Dignam on 03 9606 9798.