House debates Questions without Notice

Carbon Pricing

Tuesday, 13 March 2012 House of Representatives

Joe Hockey

Joe Hockey North Sydney, Liberal Party, Shadow Treasurer

2:21 pm

My question is to the Treasurer. I refer the Treasurer to modelling by the New South Wales Treasury and Macquarie Generation that, based on current information, revenue from the sale of permits under the carbon tax could fall short by up to $5 billion a year between 2015 and 2020. How will the government fund this $25 billion carbon tax black hole—a real black hole—in its budget?

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