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

A strong budget can never be taken for granted and the economy that supports that strong budget can never be taken for granted. It's a critical asset at the time of economic uncertainty that we see around the world today. You need the strong anchor of a strong budget not only to deal with the challenges of today but also to ensure that we have resilience for the challenges that will undoubtedly come in the years ahead as a result of the global economic outlook that we see.

As I remarked in response to an earlier question, the IMF revisions overnight just demonstrate that global uncertainty. They highlight again the need for policies that bring stability and certainty in our financial and economic management. Now is the time for our economic and financial management, which is about having cool and clear heads. It's not a time for Labor's policies, panic and crisis. When it comes to managing our fiscal environment in these times, we know what the consequences would be of Labor's policies. Recklessness, chaos, panic and crisis—

Mr Brian Mitchell interjecting—

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