The revenue-raising negotiations come as the
The federal budget is headed for a
Hockey, who chairs a meeting of G-20 finance ministers in
His coalition took office after winning elections last September after five years in opposition.
"There is opportunity for both the federal government and state and territory governments to recycle capital by selling infrastructure which appropriately can be sold and then reinvest the capital... which will help us grow the economy more strongly and create jobs," Cormann told
Economic analyst ANZ Research said in a note to clients that the proposed asset sales suggested the government will put in place policies in the May budget to give the states incentives to move quickly.
It said the greatest beneficiaries would likely be the
The IMF warned the federal government that it will have to make "sizeable cuts" in projected spending if it is to return the budget to surplus and maintain it.
"We are very conscious of the challenge in front of us. The treasurer and I are very focused on turning the situation around that we've inherited," Cormann said.
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