Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

In times like these, it is crucial to have a clear, achievable and disciplined plan for fiscal consolidation and the government does. That is why our fiscal strategy has received such a resounding endorsement by ratings agencies, by the international community and by the International Monetary Fund. We know what the opposition want to do. On the back of their $11 billion black hole from the election we now find another 70 billion reasons to worry about Mr Abbott. The opposition has finally started to understand that their decisions not to get their costings right during the election campaign, to continue to oppose savings measures, to continue to support spending measures have left us with an even bigger black hole. Mr Hockey's black hole has gone from $11 billion to $70 billion. What an achievement! (Time expired)