Kelly O'Dwyer (Higgins, Liberal Party) Share this | Hansard source

You might learn something if you listen. The previous government was able not only to repay debt but to deliver a surplus. In fact, the last years of the coalition government delivered a $20 billion surplus. What is the record of this current government? What is the record of Treasurer Wayne Swan? Is it one surplus, two, three or four? No, he has achieved a record of four deficits. Each and every year he delivers a deficit. The accumulated deficits now add up to over $172 billion. He cannot even get his forecast deficits right either. Last year he predicted, 18 months before the last budget, that it would be a $12 billion deficit; he then had to revise that up to $24 billion and of course it came in at $43 billion.

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