Senate debates

Monday, 16 June 2014

Matters of Public Importance

Budget

7:54 pm

Photo of Anne RustonAnne Ruston (SA, Liberal Party) Share this | Hansard source

Listening to the contributions of those who went before me tonight, I would like to establish one fact. When you refer to a savings in forward estimate projections on budgets, you do not actually have to cut something to get a saving. You do not actually have to take money away or reduce something to get a saving. What you actually do when you are changing budgets into the future for savings is just reduce the amount by which it is to be increased. I draw this to your attention on the back of a budget that, unfortunately, those in the coalition believed we had to have. One of the things we have heard so much about with this budget has been the fact that the debt to GDP ratio is not that bad when compared to the rest of the First World.

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