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

I have run through the numbers, but I want to go through the economic outlook that lies behind the numbers. This government had to borrow responsibly to support small business and to support employment. What the Mid-Year Fiscal and Economic Outlook showed was this: as a result of the global recession, we have had to write down revenues by $170 billion. The course of action that we took in those circumstances was to borrow responsibly.

See this speech in context