Joe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is to the Treasurer. I refer the Treasurer to the revenues forecast to be raised by the mining tax of $11 billion and the fact that New South Wales and Western Australia have increased their royalties by $3 billion, thereby reducing net revenue to the Commonwealth to just $8 billion. I also refer the Treasurer to the forecast spending associated with the mining tax, which is now over $14 billion. Treasurer, how are you going to find that $6.3 billion shortfall?

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