KGB: Joe Hockey

The shadow treasurer says expenditure cuts can return the budget to surplus despite recent Treasury forecasts, and does not support direct intervention in response to the Australian dollar's strength.

Shadow Treasurer Joe Hockey tells Business Spectator's Alan Kohler, Robert Gottliebsen and Stephen Bartholomeusz:

He rejects estimations of a $50 billion deficit in this year's budget, and is confident the Opposition can return the budget to surplus through expenditure cuts.

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