Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

Again, I don't accept the proposition in the question at all, and I don't think and I don't believe that that is the bank's view. Again, the bank can speak for itself. But we are mindful of the role that the Commonwealth budget plays in our economy. We are mindful of our responsibilities to the Australian people to deliver the commitments that we took to the election.

But I think, when you look at your record, Senator Paterson—when your party was last in government—and ours, you'll see that your two deficits, two massive Liberal deficits, turned into two Labor surpluses, $100 billion worth of savings, $188 billion less debt and $60 billion less interest on that debt so that we have been in a position to repair the budget, to get it in better shape and to make sure that all the wastes and rorts that you had are being put into good investment— (Time expired)