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It says the government faces a challenge repairing the budget, which mortgage calculator has deteriorated since the 2008-09 global financial crisis. “To achieve the aim of returning to and maintaining a budget surplus, sizeable cuts in projected spending would be required,” the Washington-based institution said.
It said the recommendations of the government's national commission of audit review of commonwealth spending will be important in reaching this aim.
“This message reinforces the government's position that mortgage repayment calculator difficult decisions will need to be made in order to put the budget back on a sustainable path,” Treasurer Joe Hockey said in a statement on Thursday.
The commission of audit is due to hand over its interim report to Mr Hockey this week.
It said the recommendations of the government's national commission of audit review of commonwealth spending will be important in reaching this aim.
“This message reinforces the government's position that mortgage repayment calculator difficult decisions will need to be made in order to put the budget back on a sustainable path,” Treasurer Joe Hockey said in a statement on Thursday.
The commission of audit is due to hand over its interim report to Mr Hockey this week.