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Governments enjoying surpluses have a very strong temptation to splash money around, and while tax cuts are always appealing, cutting taxes at the top of a boom runs the real risk of creating a structural deficit when the boom subsides.

Malcolm Turnbull

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Malcolm Turnbull
Age: 70
Born: 1954
Born: October 24
Barrister
Entrepreneur
Investment Banker
Journalist
Member Of The Australian Parliament
Politician
Sydney
NSW
Malcolm Bligh Turnbull
Strong
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Splash
Running
Governments
Structural
Money
Temptation
Surplus
Around
Taxes
Boom
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Surpluses
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More quotes by Malcolm Turnbull

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I do not believe we can effectively move Australia to a lower emission economy, which is what we need to do if we're going to make a contribution to a global reduction in greenhouse gases, without putting a price on carbon.
Malcolm Turnbull
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People learn from failure or from lack of success.
Malcolm Turnbull
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To the former child migrants, who came to Australia from a home far away, led to believe this land would be a new beginning, when only to find it was not a beginning, but an end, an end of innocence - we apologise and we are sorry. To the mothers who lost the maternal right to love and care for their child - we apologise, and we are sorry.
Malcolm Turnbull
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Many Liberals are rightly dismayed that on this vital issue of climate change we are not simply without a policy, without any prospect of having a credible policy but we are now without integrity. We have given our opponents the irrefutable, undeniable evidence that we cannot be trusted.
Malcolm Turnbull
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I've always been prepared to put my money where my mouth is.
Malcolm Turnbull
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Americans understand that they have no stronger ally, no better friend, than Australia.
Malcolm Turnbull
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Look at countries like China, they are determined to dominate all clean technology areas, putting lots of money into wind, solar, electric vehicles and battery storage. America's political impotence, caused by their terrible partisanship, will see them left behind.
Malcolm Turnbull
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You cannot keep on saying oh, you know, talking about disrespecting women as just being politically correct or it's not a big deal or brushing things off. You've got to be aware of it.
Malcolm Turnbull
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There is nothing more important in business or politics than a deal is a deal.
Malcolm Turnbull
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China and India will take the global leadership on climate change: they are suffering for it.
Malcolm Turnbull
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The biggest review of taxation ever undertaken in this country, is now dead in the water.
Malcolm Turnbull
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We are already experiencing the symptoms of climate change, especially with a hotter and drier climate in southern Australia - the rush to construct desalination plants is an expensive testament to that.
Malcolm Turnbull
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In economics, one of the most important concepts is 'opportunity cost' - the idea that once you spend your money on something, you can't spend it again on something else.
Malcolm Turnbull
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Government will not nominate the former Labor prime minister [Kevin Rudd] to be the UN's next secretary-general.
Malcolm Turnbull
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People invest in companies in order to get a share of the profit that company will make. If the Government increases its share of the profits, potential profits, at the expense of the owners of the company, the shareholders, then that makes investment in that company less attractive.
Malcolm Turnbull
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What you've got to do is recognize that you don't control everything for a start, you've got to play the cards you're dealt, the hand of cards you're dealt, as best you can, and that's what I always seek to do.
Malcolm Turnbull
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Honest people, knowledgeable people, really well-informed people can have very different views about what the right measures are on national security.
Malcolm Turnbull
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It is unmanly. It is not some expression of macho virtue. It is the absolute antithesis of this. Real men don't bully women and children. Respect for women ... is so important.
Malcolm Turnbull
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There is a tendency to try to dumb everything down and turn everything into a one-paragraph press release or even less, just a slogan.
Malcolm Turnbull
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On balance, after weighing the arguments, I believe that the time has come for Australia to create a new sovereign wealth fund.
Malcolm Turnbull