Treasurer leaves door open for GST increase

The Federal Treasurer has left the door open for an increase to the GST.

Scott Morrison told Tom Elliott ‘all sorts of options’ are on the table as the government looks to a more worker-friendly tax system.

The Treasurer said tax revenue is not an issue for the government.

‘At the moment, if you are on an average wage, next year you will be on the second-highest tax rate,’ Mr Morrison said on Tuesday.

Mr Morrison hinted at spending cuts in the 2016 budget as a means of improving the budget position.

LISTEN: Treasurer Scott Morrison talks interest rates and GST with Tom Elliott