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

We budget in line with the Charter of Budget Honesty set down by Peter Costello. So, as is the usual practice, we will bring our budget down in May and we will update all of our forecasts. We will do all that in May in the responsible way. There is a very stark contrast between the approach of us on this side of the House and the approach of those on that side of the House, because the Charter of Budget Honesty went out the window at the last election campaign. They did not comply with the Charter of Budget Honesty and were found after the election to have had an $11 billion black hole in their budget forecast, in complete breach of the charter.

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