Senate debates

Tuesday, 23 August 2011

Questions without Notice

Fiscal Policy

2:11 pm

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

Clarity in fiscal strategy is always important in times of global uncertainty, and that is why the government has maintained a clear fiscal strategy. Regrettably that is not something that any longer has bipartisan support. What we have on the other side is a shadow Treasurer who one day blithely says they will get back to surplus earlier and then says he is going to oppose budget savings measures—and then he had to eat humble pie because he could not find alternative savings measures. We also appear to have a communications spokesperson, Mr Turnbull, calling for a sovereign wealth fund, a proposition that the shadow finance minister has said is incorrect. You have to ask who on that side actually speaks for the coalition when it comes to economic policy. Certainly the Australian people know only one thing and that is that those opposite have a big $70 billion black hole. (Time expired)

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