Australia PM Turnbull flags tax cuts, infrastructure spend in federal budget

After unveiling a part of a A$24.5 billion, 10-year road and rail infrastructure package of the budget, the Australian Prime Minister Malcolm Turnbull promised tax cuts for lower income earners and flagged a multibillion-dollar infrastructure spend, Reuters reports.

Turnbull said: “We are doing everything we can to ease the burden of the cost of living pressures on Australian families. That is why we have got, you will see tomorrow, important measures relating to tax.”dhw