Senate debates

Thursday, 16 May 2013

Questions without Notice

Budget

2:00 pm

Photo of Barnaby JoyceBarnaby Joyce (Queensland, National Party, Leader of The Nationals in the Senate) Share this | Hansard source

My question is to the Minister for Finance and Deregulation, Senator Wong. I refer the minister to concerns reported today that the budget's assumptions about the value of the dollar and commodity prices might be overly optimistic and, if so, could lead to reduced revenue collections to the tune of $90 billion. Given the heroic assumptions in the budget about the terms of trade and the highly optimistic estimates about the revenue to be collected via the carbon price and the mining tax, will the minister, as one of the people most responsible for preparing the budget, accept a personal responsibility for any deterioration in revenue collections and any consequent impact on the deficit?

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