Kevin Rudd (Griffith, Australian Labor Party, Prime Minister) Share this | Hansard source

Resources have been around for a long time, both when the previous government was in as well as under this government. The point that I am making is that, when it comes to responsible economic management, we have relied upon the same Treasury advice as Peter Costello relied upon. We are relying on the same Treasury advice, which is to serve independently the governments of both political persuasions, and we have acted professionally based on that advice concerning future assumptions for commodity prices. But, as a former long-term cabinet colleague of the Leader of the Opposition said, he never really understood the meaning of the term fiscal conservatism.

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