Joe Hockey (North Sydney, Liberal Party, Manager of Opposition Business in the House) Share this | Hansard source

My question today—which is now Deficit Day—is to the Prime Minister. I refer the Prime Minister to his own midyear economic forecast, which states that the government projects that it will increase its tax collection from individuals this year by over $2 billion more than was projected only in May in its original budget. I ask the Prime Minister: if you are collecting $2 billion more from individuals, why do you need to run the budget into deficit?

See this speech in context