Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

Thank you very much, Mr President. In the agreement that was reached between our leader and the Leader of the National Party, Mr Truss, we have reconfirmed a whole range of pre-existing policies and pre-existing budget commitments. Of course, there is one feature in the agreement which relates to the additional support for lower income families, which has been part of a proposal that Minister Morrison has been discussing with Senator Canavan, Senator Bob Day and Senator John Madigan for some time. This is part of a revised families package, which will be budget neutral and which will be fully offset as part of the overall revised families package that is being pursued by the government. In response to the other part of the question, the net effect of any decision of government that has budget implications will be reflected in the half-yearly budget update later this year, which is MYEFO. That is the usual way. Senator Wong knows it and, yes, I have been involved in this process in the appropriate way. (Time expired)