Joe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is to the Treasurer. At the time of the last budget the Treasurer promised Australians that the deficit would be $23 billion. It is now expected to be at least $37 billion, a deterioration of $14 billion. At the last budget the Treasurer promised the government's net debt would peak at $107 billion. It is now expected to be at least $136 billion, a deterioration of at least $29 billion. Why should we believe that this year's promises on budget night will be any more believable than last year's promises?

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