House debates Questions without Notice

Budget

Wednesday, 16 July 2014 House of Representatives

Tony Abbott

Tony Abbott Warringah, Liberal Party, Prime Minister

2:24 pm

we had only seven consecutive budget deficits. So, members opposite, when they were in government, gave us the six worst budget deficits in history and projected another four budget deficits—debt and deficit stretching out as far as the eye can see. And they did this to us at a time of continued economic growth, with the biggest terms of trade in our history. That is a sign of the irresponsibility of members opposite when it comes to money and fiscal policy. They gave us the worst fiscal position in our history at a time of the best terms of trade in our history. So, there is a very clear lesson here: you just cannot trust the Labor Party with the economy of our country.

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