Senate debates

Monday, 25 June 2012

Questions without Notice

Mining

2:42 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Shadow Assistant Treasurer) Share this | Hansard source

Mr President, I ask a further supplementary question. I ask again: given that an independent economic modeller has now revealed that the estimated revenue for the mining tax will be one-third what the government has forecast, how will the government make up the shortfall? Given yet another multibillion-dollar shortfall, how can anyone believe that Labor will deliver on its promise of a $1.5 billion surplus next financial year after a track record of $174 billion of accumulated deficits?

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