CANBERRA, ACT, July 25 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: Economic Reform Roundtable, tax, closing of Glencore's copper smelter, French decision to recognise Palestine
JimChalmers:
The purpose of economic reform is to boost incomes and lift living standards over time. When we came to office, living standards were in free fall, inflation was much higher and galloping, real wages were falling, interest rates had already started to come up- and we've been turning things around. We've got inflation much lower, sustainably within the Reserve Bank's target band, real wages are growing again, interest rates have started to come down, unemployment is low, we've delivered a couple of surpluses and we've...