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

There are no plans in the terms that the Leader of the Opposition alleges. None whatsoever. The only universities that have indicated what their fees would be have said fees are half the level that the Leader of the Opposition suggests. As for the budget, this will be a prudent, frugal and responsible budget. It will build on the strong foundation that was laid last year.

As members of this House should now well know from studying the intergenerational report, under the measures this parliament has already legislated Labor's debt and deficit is halved going forward. We were left in a catastrophic position by members opposite—

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