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

My question is to the Treasurer. I refer the Treasurer to the most recent national accounts, which show corporate profits are growing at an annual rate of around nine per cent. Does the Treasurer stand by his decision to cut company profit growth projections in the Mid-Year Economic and Fiscal Outlook to 2¼ per cent, a rate which is less than a quarter of the established long-run average?

Joe Hockey (North Sydney, Liberal Party, Treasurer) Share this | Link to this | Hansard source

We stand by all of the forecasts and all of the projections in MYEFO. Someone had better give the member for McMahon a lesson about the difference between forecasts and projections.