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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
Running
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Temptation
Surplus
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Taxes
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Government
Creating
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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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On balance, after weighing the arguments, I believe that the time has come for Australia to create a new sovereign wealth fund.
Malcolm Turnbull
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The only reason to be in politics is public service. There's no other reason. Frankly, if that's the best job you can get in terms of money, that's too bad, you know. Because frankly, it's not well paid, everyone knows that. So for most people it's a big sacrifice.
Malcolm Turnbull
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While our energy efficiency is improving, there is a very high correlation, almost near perfect correlation, between GDP growth, and energy usage.
Malcolm Turnbull
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This is a very tough business, politics. It's easy to get resentful or full of bitterness ... (but) I think hatred hurts the hater more than the hated. So I'm looking back on my time positively.
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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All Australians understand that high-quality, reliable and affordable broadband is a critical part of the infrastructure our nation needs to prosper in coming years.
Malcolm Turnbull
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You will never find a better friend to the United States than Australia.
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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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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I believe that politicians should speak the truth all the time. Invariably there will be occasions when you make statements that are factually incorrect due to an error.
Malcolm Turnbull
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People learn from failure or from lack of success.
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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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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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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The biggest review of taxation ever undertaken in this country, is now dead in the water.
Malcolm Turnbull
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My commitment to the Republican movement was pure and simply patriotism, a love of Australia... a desire or passion that all of our national symbols should be unequivocally and unambiguously Australian.
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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I believe politicians should aim to be accurate and truthful in what they say at all times. You can be truthful and inaccurate but what you shouldn't be doing at any time is saying things that are untrue or making commitments that you have no intention of honouring.
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