ID :
199627
Sun, 08/07/2011 - 16:24
Auther :
Shortlink :
http://m.oananews.org//node/199627
The shortlink copeid
Market turmoil won't stop carbon tax: govt
SYDNEY (AAP) - Aug. 07 - The federal government will not delay the introduction of its carbon tax due because of the recent volatility in international financial markets, frontbencher Chris Bowen says.
Mr Bowen said on Sunday the Australian economy was one of the strongest in the world and this needed to be recognised.
"We have an economy that many treasurers and finance ministers and prime ministers around the world would die for," he told Network Ten on Sunday.
"Just because there's world instability doesn't mean that you don't embrace the need for economic reform.
"Previous governments didn't put off hard reforms."
Mr Bowen said it was appropriate for the government to continue to tackle important economic reforms "for the long-term future of the Australian economy".
The Australian share market plunged four per cent on Friday despite efforts by Treasurer Wayne Swan to soothe investors' fears that another global recession was just around the corner.
Mr Bowen said on Sunday the Australian economy was one of the strongest in the world and this needed to be recognised.
"We have an economy that many treasurers and finance ministers and prime ministers around the world would die for," he told Network Ten on Sunday.
"Just because there's world instability doesn't mean that you don't embrace the need for economic reform.
"Previous governments didn't put off hard reforms."
Mr Bowen said it was appropriate for the government to continue to tackle important economic reforms "for the long-term future of the Australian economy".
The Australian share market plunged four per cent on Friday despite efforts by Treasurer Wayne Swan to soothe investors' fears that another global recession was just around the corner.
