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THE TREASURER

PRESS RELEASE JO HN KERIN MP

STATEMENT BY JOHN KERIN, M P .

I have been privileged to serve as Treasurer in the Hawke Government.

It has been a difficult period of transition for the Australian economy. I am confident that the policies I and the Government have pursued have been correct to shape the recovery.

I am also confident that my colleagues, Ralph Willis and Kim Beazley, will make an excellent contribution in their new responsibilities and will guide Australia through the sustained recovery necessary to provide real and longterm job growth while

retaining the low levels of inflation which this Government has delivered.

Led by the Prime Minister, they, and all of us in Cabinet and Caucus, will also successfully demolish the Opposition's false and unfair proposals for the future of the Australian economy.

I look forward to contributing to this demolition job and to the ongoing process of policy renewal and development which this Government has successfully pursued.

I particularly look forward to the challenge of implementing the Government’s agenda for microeconomic reform and industry restructuring in my new responsibility as Minister for Transport and Communications.

I thank the officers of Treasury, the Reserve Bank, the Australian Tax Office, and all other sections of the Treasury portfolio, for their hard work and support during my time as Treasurer.

CANBERRA

6 December 1991

- Ό . .EA.T. ,

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