Cuts, GST increase would fix budget:CEDA

Cuts to defence and welfare while increasing the GST are seen as the best options to get the budget back to surplus.

That's the findings in the Committee for Economic Development of Australia's annual "Big Issue" survey, which says surplus should be achieved through both expenditure cuts and revenue increases.

CEDA boss Stephen Martin says business also considers fixing tax avoidance as a priority as one way to increase government revenue.