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

Thank you very much, Mr President. The spending growth trajectory that we inherited from the worst finance minister in Australia's history was taking us to 26.5 per cent spending as a share of the economy by 2023-24. We are actually now heading down. Under Labor, spending as a share of the economy was heading up, debt was heading up. We have now turned that situation around and debt is now heading down, and government spending as a share of the economy is heading down. It will peak in 2016-17 and it will— (Time expired)