House debates

Tuesday, 26 May 2009

Questions without Notice

Budget

3:24 pm

Photo of Wayne SwanWayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

Those opposite are absolutely embarrassed by the fact that the budget puts in place structural saves over the long term to bring the budget back to surplus and to pay down debt. They are embarrassed by the fact that they have no structural savings whatsoever. What we saw in the House for their budget reply was this fudge of the tobacco tax increase, which was somehow supposed to make up for the fact that they are going to oppose our means test of the private health insurance rebate. A fundamental save to bring the budget back to surplus and to pay down debt, and who is opposing it? All of those opposite. So they are not serious about a serious medium-term fiscal policy. We have one and they do not and it is there for everybody to see.

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