Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

The simple, fiscal facts are: we left office with $44 billion cash in the bank. Labor left office with net debt of $202 billion. For every additional dollar in revenue, they spent two dollars. From the measures that have been announced so far, Labor would blow the budget bottom line by nearly $55 billion—a $55 billion dollar blackhole.

The honourable member asked me about GST. There is a debate going on about tax and about GST—about all taxes, state and federal taxes. Honourable members will be familiar with the tax discussion paper released by the government in March this year—

Mr Champion interjecting—

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