Australian government urged to raise GST and tighten spending

Australian government urged to raise GST and tighten spending

The International Monetary Fund (IMF) has advised the Australian government to raise the goods and services tax (GST) and tighten spending in its annual check-up of the economy.The Washington-based IMF issues an Article IV report for each member country, which assesses economic policies and outlook and provides recommendations.In Australia's report published today, the IMF said the Australian economy was "gaining momentum" and forecast to gro…