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

In relation to the revenue projections, we did revise MRRT receipts in the most recent budget figures. The revision has been to a figure of $13.4 billion over the forward estimates. It is the case, and we have said so publicly, that how much revenue the MRRT will raise will obviously depend on a range of factors, including commodity prices, exchange rates and production volumes. I am also asked about black holes. Senator Cormann should turn around and tell his colleagues how he is going to find $70 billion worth of cuts to services. He asked about black holes. Well, he should know about them. Those on that side—the economic team on the Liberal Party's side, the coalition's side—have done nothing but preside over costings errors and black holes to the self-confessed tune of $70 billion.