House debates

Tuesday, 30 October 2012

Matters of Public Importance

Budget

4:00 pm

Photo of Andrew RobbAndrew Robb (Goldstein, Liberal Party, Chairman of the Coalition Policy Development Committee) Share this | Hansard source

I withdraw. The minister opposite talks about black holes. Again, I refer the minister to 30 August—a $120-billion colossal black hole. We are not saying this; this is an analysis by the most respectable financial paper in the country.

In that same speech I went on:

As a consequence of the blowout in the structural deficit, the cloud over the amount and volatility of the mining tax revenue and the potential collapse of revenue if the terms of trade drop … Swan and Penny Wong must guarantee full disclosure of the estimated structural deficit in this year's budget papers.

Well, of course, all of that is what we have seen in the last two years. The government has not responded to any of it. We have a government that has no direction and must be gone.

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