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An ageing and growing population in Australia over the next 40 years is projected to have a big impact on government spending in areas such as health and defence.
"Well, we are in the middle of implementing meaningful tax reform across multinational taxes, high balance superannuation and when it comes to tax compliance. And the tax reform that we already have in train are already making a substantial difference to the budget position. They have been one of the reasons why we have been able to get the budget position in a much better nick to face the uncertainty ahead.
Nala Mansell from the Tasmanian Aboriginal Centre told SBS it is significant to see steps taken to remove the statue.
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