What economic measure did McMahon oversee in the Holt government?
Large reduction in the national deficit
Introduction of GST
Increase in foreign trade
Boost in economic growth
Answer
Holt appointed McMahon as treasurer in his government, and McMahon oversaw a large reduction in the national deficit. This was achieved by a combination of spending cuts and tax increases, and it helped to stabilise the economy and create a more favourable environment for business investment.
The McMahon Mastery: Testing Your Knowledge on Australia's 20th Prime Minister
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In the Gorton government, which position did McMahon hold?
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Who was the last prime minister before McMahon?
How many years of Coalition rule ended with McMahon's defeat in 1972?
As per Australian political scientists and historians, how is McMahon described as a prime minister?
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