Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Hansard source

I was appalled that during the election campaign the coalition sought to slash research and development expenditure. They sought to impose a policy upon this country of removing $1 billion from the EIF program. They sought to do that and still they could not cover up the $11 billion black hole that they left in their own costings. We saw that this government believes in responsible economic management, including targeted investment in programs that drive economic growth.