Senate debates

Thursday, 16 May 2013

Questions without Notice

Budget

2:05 pm

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

I was talking about UBS, given I was asked about forecasts. According to UBS, the budget contains more:

… conservative and credible revenue forecasts—without unduly leaning on the economy’s near-term vulnerable economic recovery.

So the reality is: the market does not agree with what Senator Joyce is putting. Nor, I am reminded, does former Prime Minister John Howard—

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