Scott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

Now, let's just see how they are going on that. They have $43.8 billion in new spending measures and in spending measures that they want to see restored. They have $18.3 billion in savings measures that they have opposed and that we are continuing to seek to have passed by the parliament, including $3.6 billion of measures they proposed themselves when they were in government and are now opposing. That leaves some $62.1 billion that we would be further down the hole on if they had their opportunity. To balance off that $62.1 billion, they have $3.8 billion on their favourite topic—higher taxes—and $1.3 million in saves. So, they have $1.3 million in saves and $62.1 billion to sort it out. I thought theirs was a very clear fiscal rule of more saves than spending. On that score, the shadow Treasurer has a lot of work to do.

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