Just a day out from the Federal Budget and Mathias Cormann is continuing to peddle lies to justify the Government’s failures, lies and broken promises.
“The deficit that we inherited from Labor over the forward estimates was $123 billion in projected deficits”
MATHIAS CORMANN – ABC NEWS RADIO –11 MAY 2015
It’s no wonder the Abbott Government can’t manage the Budget, its ministers can’t even read Budget papers correctly.
The figure quoted by Australia’s Finance Minister is from the 2013 Mid-Year Economic and Fiscal Outlook (MYEFO) published by the Treasurer and the Finance Minister.
In the 2013-14 MYEFO Joe Hockey doubled the deficit, adding $68 billion.
In the 2013-14 MYEFO Joe Hockey made an $8.8 billion payment to the Reserve Bank of Australia.
The 2013-14 MYEFO was the beginning of the Government’s economic incompetence and mismanagement which has seen Australia’s deficit, so far, blow out by $80 billion since the election.
The Pre-election Economic and Fiscal Outlook represents the true state of Labor's books as independently verified by the public service under Peter Costello’s Charter of Budget Honesty.
It’s clear the attitude of the Liberals hasn’t changed since the last Budget which is still hurting Australian families today.
This Budget is all about saving Tony Abbott’s job - not about doing what’s right for the future.