Australia

Mathias Cormann to depart politics at the end of the year

Mathias Cormann to depart politics at the end of the year

Finance Minister Mathias Cormann has notified Prime Minister Scott Morrison of his intention to leave politics in December. Senator Cormann has confirmed he will not recontest the next election and believes the end of the year will be an appropriate time to transition his portfolio. "I love this job. Every single day I am giving it my all," Senator Cormann said. "I can honestly say that I have left nothing on the field. "Having the opportunity to help shape the future direction of our country as part of a great team working to make our country even stronger, more prosperous and more resilient is a great honour. He will spend the next six months helping to finalise the July Economic Statement, the October Budget and the half yearly budget update in December. "I will be doing my very best over the next six months as a member of the Morrison Government to ensure that our country is positioned as strongly as possible for the brightest possible future." Treasurer Josh Frydenberg wrote on Twitter that Senator Cormann has been "a tower of strength for the Coalition". "As Australia's longest-serving finance minister, he's strengthened our economy, preparing it for the challenges we now face,” Mr Frydenberg said. Image: News Corp Australia

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