Australian Treasurer Joe Hockey
Australian Treasurer Joe Hockey AAP Image - Dave Hunt

Growth and jobs to dominate G20 agenda

AUSTRALIAN leaders will present a "straightforward but bold" plan to the G20 summit to create jobs to "lift people out of poverty".  

Treasurer Joe Hockey said the nation was determined to get real outcomes from the significant investment necessary to host the world's leaders.  

"Australia is ready to host the most powerful delegation in the world," he said.  

"The leaders that are coming here represent 85% of the world economy.  

"As such, there is a heavy burden on the shoulders of leaders and finance ministers to deliver on the plan to grow economic growth right across the world and therefore create jobs for millions and millions of people.  

"We have a plan before the leaders of the world to grow the world economy, to create the jobs that are necessary, to lift people out of poverty and we are determined to deliver that … over the course of the weekend.  

"We are absolutely confident that, with the support of the great people of Brisbane and the people of Queensland and Australia, that we are not only going to be terrific hosts to the world, but we're going to get real outcomes so that we have a stronger global economy."  

Mr Hockey said since laying down a target for 2% global growth, other countries had submitted about 1000 policy initiatives.  

"We will have a report back from them on what that means for additional global economic growth over the next five years," he said.  

"Then the challenge will be to implement those initiatives and it will take the deep resolve of leaders, together with everyone else, to make sure that our plans are delivered so that we do get the dividend of stronger economic growth and more jobs."

Mr Hockey said climate change and Ebola would be discussed but the agenda was focused on growth and jobs.   "People have been critical of the G20 in the past for not delivering tangible outcomes," he said.  

"There will be no single issue that will distract leaders, or anyone else, from the task of delivering on growth and jobs."  

"Climate change is hugely important and of course climate change is both a risk and an opportunity to be dealt with when discussing the global economy.   

"But there are many issues, many issues, that will help to drive economic growth and that will come from the structural reforms laid down before this meeting over the weekend.  

"I cannot emphasise enough, the focus on growth, on infrastructure and investment, on ensuring that multinationals pay tax where they earn the profits, on ensuring that we draw a line … on the sand to end the constant rewriting of regulation of the financial system of the globe.   

"These are the sorts of things that matter out of this weekend."    

- APN NEWSDESK



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