<p>The federal Government told the Budget can't be fixed without raising taxes and cutting spending, while Treasury concludes its housing promises are unachievable. </p>

The federal Government told the Budget can't be fixed without raising taxes and cutting spending, while Treasury concludes its housing promises are unachievable.

<p>The federal Government told the Budget can't be fixed without raising taxes and cutting spending, while Treasury concludes its housing promises are unachievable.&nbsp;</p>

Frank Treasury advice: higher taxes, slashed spending

AM is Australia's most informative morning current affairs program. With key political interviews and stories about the Australian way of life, AM sets the agenda for the nation’s daily news and current affairs coverage.

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Frank Treasury advice: higher taxes, slashed spending

Frank Treasury advice: higher taxes, slashed spending