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

There are some quite modest cuts to the ABC. There are some quite modest savings that we are expecting from the ABC. But members opposite seem to think that this is some kind of a fraught moment. Members opposite went into the election saying that the deficit would be $18 billion. It turned out to be $48 billion. What members opposite said was an $18-billion deficit turned out to be $48 billion. That is a $30-billion black hole that members opposite created and tried to cover up. That is exactly what happened. When circumstances change, intelligent governments react accordingly.

Mr Butler interjecting—

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