Mathias Cormann (WA, Liberal Party, Shadow Assistant Treasurer) Share this | Hansard source

Mr President, I ask a supplementary question. I refer the minister to the recent MYEFO, which shows that government spending is projected to grow by 4.4 per cent in real terms next financial year, which is more than double the two per cent target even though the budget is still nowhere near a surplus of one per cent of GDP. In 2015-16, spending will grow by more than two per cent in real terms—all this without taking $120 billion in unfunded Labor promises into account. Is it not a fact that the government's own projections in MYEFO show that Labor has no intention of complying with its so-called own fiscal rules?