House debates Questions without Notice

Economy

Wednesday, 26 November 2008 House of Representatives

Joe Hockey

Joe Hockey North Sydney, Liberal Party, Manager of Opposition Business in the House

3:06 pm

My question today—which is now Deficit Day—is to the Prime Minister. I refer the Prime Minister to his own midyear economic forecast, which states that the government projects that it will increase its tax collection from individuals this year by over $2 billion more than was projected only in May in its original budget. I ask the Prime Minister: if you are collecting $2 billion more from individuals, why do you need to run the budget into deficit?

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