WATCH LIVE: Treasurer Jim Chalmers addresses National Press Club, vows 'reform from centre' to drive productivity growth
Treasurer Jim Chalmers is addressing the National Press Club in Canberra from 12.30pm.
According to excerpts of his speech, seen by Sky News, Mr Chalmers will outline reform which is "progressive, patriotic, practical and pragmatic".
He described the agenda as 'reform from the centre, in a world of polarising and unsettling extremes'.
In his speech notes, Mr Chalmers also admitted that the federal budget was 'not sustainable' amid high levels of national debt.
Liberal MP Aaron Violi in response said that voters should be 'deeply concerned' by the state of the government's finances.
'When the Treasurer says it's not sustainable, he's right. What he doesn't say is that it's happened under his watch,' Mr Violi told Sky News on Wednesday.
'Over $112 billion of additional spending that the Albanese government undertook in their first term.
'And they also made that fatal mistake when it comes to economic and budget management of locking in structural ongoing spending.'
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