Senate debates

Monday, 12 September 2011

Questions without Notice

Future Fund

2:05 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

It is normal for the sale and purchase of non-financial assets held by the government or a particular government entity to be reflected in the budget papers. That was the case under Mr Costello and Senator Minchin and it is the case under our government. But the political point that Senator Cormann is making is some assertion around the budget surplus and around the timing of the sale of assets from the Future Fund. I again say that the timing of the sale of assets held by the fund is a matter for the fund. I make this point: in our last budget we put forward $22 billion worth of savings, some of which you previously opposed and then supported. The budget is made up of the sum of many— (Time expired)

Comments

No comments