Chris Bowen (McMahon, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

I'll get to PEFO in a minute. You have been very naughty, again—not you, Mr Deputy Speaker. The Treasurer has been very naughty again in quoting his figures. I said new taxes and charges, and the budget deficit has doubled in just 12 months. That is the story when it comes to economic growth and confidence.

Then we move to the budget. Again, the Treasury is quoting PEFO. He does not like quoting PEFO in other circumstances, because even in his remarks just a moment ago he asserted, incorrectly, that he inherited a budget deficit of $48 billion.

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