Senate debates Questions on Notice

Treasury (Question No. 1205)


Mathias Cormann

Mathias Cormann WA, Liberal Party, Shadow Assistant Treasurer

asked the Minister representing the Treasurer, upon notice, on 15 September 2011:

Can Fiscal Table 1 on page 41 of the explanatory memorandum for the Clean Energy Bill 2011 be provided on an underlying cash balance basis.

Penny Wong

Penny Wong SA, Australian Labor Party, Minister for Finance and Deregulation

The Treasurer has provided the following answer to the honourable senator's question:

Table 1 of the explanatory memorandum to the Clean Energy Bill 2011 has not been replicated on an underlying cash balance basis. The Government has published a detailed table on a fiscal balance basis.

A full economic update will be published in the 2011-12 MYEFO. The impact of the Clean Energy Future Package will be reflected in the published budget balances.