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

No, he has got the Nepean River. He will have his own little navy out of this, I am sure!

But it does get very serious. Why? Because, in order to shore up the Prime Minister's leadership, the Labor Party have gone on a spending spree of unprecedented scale. They have promised to deliver a National Disability Insurance Scheme, for which they have promised a huge amount of money, involving $10½ billion a year once it is fully operational, but they have not found the money for it. There could be no crueller hoax on some of the most vulnerable people in the community than to raise expectations and not deliver. Yet that is what the Labor Party have done. They have allocated $1 billion over the next four years for a program that, into the future, is going to cost $10½ billion to run. There is no money for it. They are trying to create the impression there is money for it.

They said they are going to increase aged-care funding by $3.7 billion over the next five years, but there is no money for it. They said: 'Don't worry. Low-paid workers are going to get an extra $1 billion.' In fact, we have now found out it is an extra $3 billion for low-paid workers, which the Labor Party said was a pay rise for social and community sector workers. So it was originally $1 billion and now it is $3 billion. They are going to subsidise private sector wages, and of course that is money that is not in the budget.

Offshore processing—gee, that's going well! It will be $2.1 billion at least for reopening Nauru and Manus Island. On the increase in the refugee intake, the government said they are increasing it to 20,000. They cannot stop the boats. We have had more than 25,000 people come here on boats under the government in recent times, yet they are increasing the refugee intake to 20,000, which is going to cost $1.4 billion.

You keep reminding me of defence and border protection. On defence, the government has committed to 12 new submarines—not six. They have one that urgently needs work sitting on a dry dock in South Australia. They are not prepared to spend the money on that, but do not worry, South Australia.

Opposition members interjecting—

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