Australian PM Turnbull: Government debt is too high

Australian Prime Minister Malcolm Turnbull speaking in a radio interview and hitting the bbg

• Government debt is too high
• Australia has deficit and debt problem
• Says he expects an Australian election in August, September or October
• Government will prepare a tax reform package before the election

Earlier: Australia press: Australian PM warned on risks to AAA credit rating

More:

• Adds that getting debt lower, and back to surplus is a long way off
• GST changes are being actively considered

(GST is the consumption tax here in the land of Oz)

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Oh, I've had a word with the Australian dollar. its response to all this is: "Tell someone who cares" . Zzzzzzzzzzzzzzzz