Julian McGauran (Victoria, National Party) Share this | Hansard source

Mr President, I ask a supplementary question. Then, Minister, who is right: the Deputy Prime Minister, when she said on the ABC on 7 November:

When we put the Budget together in May, obviously we weren’t predicting, and no one was predicting, the global financial crisis which then emerged.

Or you, Minister, when you said last Thursday—and just confirmed in the answer to my first question:

In the May budget the government was acutely aware of the risks posed by the global financial crisis.