Senate debates
Wednesday, 9 May 2007
Questions without Notice
Budget 2007-08
2:49 pm
Nick Minchin (SA, Liberal Party, Minister for Finance and Administration) Share this | Hansard source
With great respect to Senator Allison, I thought I did spend much of my answer describing to Senator Allison what we do do with surpluses, which we do not have to spend on paying off debt anymore. We are investing it for the future. We are ensuring that generations to come will not have to find out of the recurrent budget the billions of dollars required to meet the federal government’s superannuation liabilities because they will be available out of the Future Fund. We are ensuring that future generations will have available to them an investment fund to invest in our universities to ensure we have a world-class education system. When it comes to the election and what we as the coalition might put forward as our plans for the future, well, you will see them when we get to the election.
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