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

We know that Mr Shorten was severely embarrassed yesterday because people across Australia have seen that any rolled-gold guarantee from the Labor leader cannot be trusted. This is just part of the diversionary tactics of the Labor Party.

Senator Wong well knows that no government re-costs measures that have already been legislated. Senator Wong is asking me to provide updated costings for measures that have already been legislated by this parliament. That is not something that she ever did. That is not something that any government has ever done. She is asking me to do something that no government of any persuasion has ever done. Let me assure Senator Wong again that by 2026-27, when our business tax cuts would be in place in full, our surplus would be 1.2 per cent of the share of GDP. After having taken full account of all of the policy settings and all of the economic parameters, our budget would be in surplus by 1.2 per cent. (Time expired)