Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

I thank the member for Dickson for his question about the Australian economy and about his allegations of a black hole. The only black hole around is the $70 billion crater in the Liberal Party's bottom line that the shadow Treasurer announced on breakfast television when he was sitting next to the environment minister. I would like to talk more generally about the state of our economy and relate that to revenues. There have been a number of statements in recent times about the strength of the Australian economy, and one in particular stands out. It goes like this:

There is no doubt the Australian economy is doing better than most—our unemployment is remarkably low, our debt-to-GDP compares very favourably on all measurements, our inflation is low.

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