Mathias Cormann (WA, Liberal Party, Shadow Assistant Treasurer) Share this | Hansard source

Mr President, my question is to the Minister representing the Treasurer, Senator Wong. Can the minister confirm that, according to Labor's budget last night, revenue for 2012-13 is expected to increase by a staggering 11.8 per cent to about $369 billion, even though our GDP is expected to grow by only 3¼ per cent and our terms of trade are expected to actually fall by 5¾ per cent? How long before this government has to come out yet again and do what it always does—that is, complain that revenue has fallen away against its overly optimistic expectations at budget time?