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

Oh dear, Mr President. I note that Senator Brandis is not on the shadow ERC, and so he would not understand a couple of things. One is that you do not budget over 10 years; second, if you are going to budget the spend you probably should budget the saves as well—which I am sure he will not do. If he is worried about black holes he should have a chat to his mate Senator Cormann about the fact that the coalition have made very clear that they are going to cut services. They are going to cut services to Australians to fill the $70 billion black hole that they themselves have admitted to. This is not my figure; this is Mr Robb's figure and it is Mr Hockey's figure. If Senator Abetz cannot recall the shadow Treasurer and the shadow finance minister actually referring to that figure, I am very happy to come in here and table the transcripts of the interviews in which they did so.

When it comes to superannuation I would remind those opposite of this: we are the ones, on this side of the chamber— (Time expired)