George Brandis (Queensland, Liberal Party, Attorney-General) Share this | Hansard source

Poor Senator Wong—you never graduated from university politics, did you? You never quite left the nest of university politics at the University of Adelaide. The reality is that as a result of the very budget decisions that this government has made, we have reduced Labor's budget deficit from $48 billion when Senator Wong was the finance minister to $7 billion over five years—that represents a reduction in the budget deficit of approximately one half of one per cent of GDP every year. These are the decisions, Senator Wong, that your government did not have the spine to take; these are the decisions that you as finance minister were unable to take—you took our country from a situation of no debt to a situation of unprecedented debt. In two years we have begun to reverse that trend. (Time expired)