Barnaby Joyce (Queensland, National Party, Leader of The Nationals in the Senate) Share this | Hansard source

I refer the minister to an investment note issued by UBS yesterday morning stating that: 'Based on the first six months of budget returns, we expect a revenue shortfall of about $12 billion and an expense overrun of about $3 billion, to take the Australian government's fiscal balance to a deficit of about $15 billion for the financial year 2012-13.' Given that the Prime Minister once said that getting the budget into surplus—

Government senators interjecting—