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Former treasurer says economic reform in Australia will take 'financial crisis'

Former treasurer Joe Hockey says meaningful fiscal reform is not possible in Australia as it often conflicts with voters' economic self-interest. He says it will take a "crisis" for governments to enact significant…

1 report1 sourceSep 23, 2026, 5:59 AM
FilterABC Australia
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ABC AustraliaSep 23, 2026, 5:59 AM

Former treasurer says economic reform in Australia will take 'financial crisis'

Former treasurer Joe Hockey says meaningful fiscal reform is not possible in Australia as it often conflicts with voters' economic self-interest. He says it will take a "crisis" for governments to enact significant budget repair.

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