House debates Questions without Notice

Pensions and Benefits

Monday, 24 February 2014 House of Representatives

Tony Abbott

Tony Abbott Warringah, Liberal Party, Prime Minister

2:16 pm

I thank the Shadow Minister for Foreign Affairs and International Development for her question. I do remind her and the House of the scale of the fiscal challenge that members opposite have left us. Under the policies of the former government, we would get $123 billion in cumulative deficits over the forward estimates period; and, under the policies of members opposite, debt was skyrocketing towards $667 billion with $123 billion in accumulated deficit. So there is a big challenge, and we will address it in ways consistent with our pre-election commitments.

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