Senate debates

Tuesday, 2 September 2014

Questions without Notice


2:28 pm

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

Getting rid of the mining tax will help us build a stronger economy and create more jobs, which will generate more revenue for government over time. As well as creating more opportunities for people across Australia to get a job, it will also deliver more revenue for government over time because more profitable companies will deliver more company tax revenue for government.

Today the Senate voted to improve our budget bottom line over the current forward estimates by just over $10 billion—that is $6.5 billion less over the forward estimates than we would have liked, but the Senate also agreed to some further changes. Delaying the future increases in compulsory super will help us recoup that increased cost over the current forward estimates in a 5½-year period beyond the forward estimates. That means that by the end of 2023 this budget— (Time expired)


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