Karl Stefanovic UNLEASHES at Scott Morrison accusing his government of spending ‘like drunken sailors’ ahead of tonight’s cash splash Budget
- Analysts expect a vote-winning cash splash before calling a Federal Election
- Finance Minister Simon Birmingham insisted spending has been cut by Coalition
- The suggestion infuriated Today host Karl Stefanovic who exploded at minister
- Stefanovic blasted: ‘You’re spending like drunken sailors before this election’
Today host Karl Stefanovic has unloaded on the government for splashing cash ‘like drunken sailors’ ahead of Tuesday night’s big-spending pre-election Budget.
Prime Minister Scott Morrison’s government put aside a $16billlion war chest of ‘unannounced’ spending in the mid-year statement, which is now set to fund a giveaway cash bonanza Budget.
Leaks have already tipped a $250 handout for some workers and a 20c cut in fuel pump prices, with further vote-winning spending expected to be revealed.
But when Finance Minister Simon Birmingham appeared on Nine’s Today show on Tuesday morning, he insisted the government had actually cut spending.
Host Karl Stefanovic exploded at the suggestion and questioned: ‘Sorry, where do you get low levels of spending from?
‘You’re spending like drunken sailors before this election.’
Today host Karl Stefanovic (pictured with finance minister Simon Birmingham) has unloaded on the government for splashing cash ‘like drunken sailors’
The minister fired back, saying the government had balanced paying off debt while banking cash to fund their policies.
‘There is a real reduction and a nominal reduction in the amount of spending by government,’ Mr Birmingham said.
‘We’ve been very careful here to make sure that we actually squirrelled away and save some of the dividends of a stronger economy to make sure Australia’s better positioned for the future.’
The government’s plan to slash 20c off the price of a litre of fuel will cost around $2.5billion alone.
But other projects aimed at tackling the rising cost of living are expected to be unveiled by Treasurer Josh Frydenberg.
Analysts are expecting the government to announce the cash splash in the Budget for a boost in the polls just days before the PM calls the Federal Election.
Finance minister Simon Birmingham (pictured right with PM Scott Morrison) fired back that the government had balanced paying off debt while banking cash to fund their policies
The government set aside a $16billlion warchest of ‘unannounced’ spending in their mid-year statement which is set to fund a giveaway bonanza budget (pictured, a stock image of cash)
But Mr Frydenberg has insisted any new measures would be short term boosts with an eye to long-term growth.
‘There are real pressures right now on Australians,’ he said on Tuesday morning.
‘This is a responsible budget with temporary targeted measures designed to ease the cost of living pressures now, but importantly a long-term economic plan to create more jobs.’