Scott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

I thank the member, through the Prime Minister, for the question regarding what was accounted for in this year's budget. I'll tell you what was accounted for in this year's budget: the surplus coming in one year earlier. That's what was accounted for in this year's budget. Net debt will peak this year and fall by over $30 billion over the next four years. That's what was accounted for in this year's budget. Net debt will fall by $230 billion and more over the next 10 years. The Australian economy will grow to be a $2 trillion economy over the next four years, because it's a plan for a stronger economy. What's planned for in this budget is the delivery of tax relief for all working Australians so 94 per cent of Australians do not face a marginal tax rate of more than 32.5 cents in the dollar.

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