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

Not only did the previous government leave behind a very bad budget position; the worst thing the previous government did was to put Australia on an unsustainable spending growth trajectory for the future, an unsustainable debt growth trajectory for the future. If we did not address that, then we would be exposing Australia to lower living standards and higher taxes. (Time expired)