Tony Abbott (Warringah, Liberal Party, Prime Minister) Share this | Hansard source

Members opposite, the Labor Party, will know everything that we have done and they will know all of the measures that we have taken to address the debt and deficit disaster that the Labor Party has left to this great nation of ours—they will know it all—at about 7.30 this evening. The Australian people will be able to make a judgement of us and the actions that we have taken to address the debt and deficit disaster that Labor has left us. But the Australian people know this: that no government can go on borrowing $1 billion every single month just to pay the interest on the borrowings. No government can go on doing that. That is the unsustainable situation that this opposition—formerly the government—left us.

I, every day in the election campaign, was open and upfront with the Australian people. I said exactly what we were going to do. What we are going to do is get the budget back under control. We are going to get the budget back under control; that is what we were elected to do. And we will not let the Australian people down.

See this speech in context