Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

I thank Senator Bushby for that supplementary; and, yes, there are risks to these reforms. The biggest risk is, of course, the fact that the Labor Party still refuses to face up to the mess that they created in government. They still refuse to take responsibility for the budget mess they left behind. Right now they are telling us that they are opposed to $40 billion in savings measures. Extraordinarily, that includes $5 billion in savings which the Labor Party initiated in government, banked in their last budget and now, of course—after they refused to do the heavy lifting in getting it through the parliament—are here opposing today. That is the reckless approach of the Labor Party under Bill Shorten's leadership.

There is no alternative economic plan here in Australia right now. There is no alternative fiscal plan right now in Australia. The only plan here is ours. (Time expired)