Senate debates

Wednesday, 3 February 2016

Questions without Notice

Economy

2:16 pm

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

As a country we are still working to digest Labor's last serial spending binges in government and of course we are working to get the budget back on track, back into balance, as soon as possible, but not with any help from the Labor Party. The Parliamentary Budget Office report released today shows the cost of Labor standing in the way of us fixing the problems that they left behind. Lower spending helps to reduce the tax burden on hardworking Australians. Reducing the tax burden on hardworking Australians provides an incentive for people to work more, save more and invest more. That helps to strengthen growth and to create more jobs, and of course the stronger growth over time will help deliver stronger revenue flows for government, which will help ensure that as a nation we can afford the very important services provided by government from— (Time expired)

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