Julia Gillard (Lalor, Australian Labor Party, Prime Minister) Share this | Hansard source

In answer to the shadow Treasurer's question, yes, the budget in May had in the budget forecasts a surplus in 2012-13, exactly as we promised at the last election campaign. As the shadow Treasurer may have noticed—I hope he has noticed; it was certainly the subject of the Deputy Prime Minister's ministerial statement before question time—there has been turbulence in global markets.

See this speech in context