House debates

Thursday, 15 May 2014

Questions without Notice

Budget

2:56 pm

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

The premise of the question is simply untrue. Every dollar of savings in health is being reinvested in the medical research fund that will give us the treatments and the cures that our country and our world needs in the years and the decades to come. It is true that pie-in-the-sky promises that were made by the former government do not bind this government. We made that absolutely crystal clear before the last election. We all know that the former government tried to booby trap our fiscal future by making completely unsustainable promises for the out years. The first of those out years is now in the forward estimates period, and I have to say that, in that final year, spending will increase. Spending will continue to increase but it will do so at a sustainable rate, not the absolutely unsustainable rate contained in the pie-in-the-sky promises, the undeliverable pie-in-the-sky promises, that the Labor Party gave before the election.

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