Transcript

Doorstop - Mural Hall, Parliament House

Senator the Hon Mathias Cormann
Minister for Finance
Deputy Leader of the Government in the Senate
Senator for Western Australia

Transcription: 

PROOF COPY E & OE

Date: 

5/5/2016

Topic(s): 

Bill Shorten’s Budget black hole

MATHIAS CORMANN: Bill Shorten’s speech tonight was all politics and no plan. Bill Shorten had three years to get ready for tonight and all we got was another Labor push for higher taxes which hurts jobs and growth.

What the Australian economy needs right now is a national economic plan for jobs and growth. A national economic plan, which helps secure our successful transition from resource investment driven growth to broader drivers of growth in an innovative, strong, diverse economy. That is what the Treasurer Scott Morrison delivered on Tuesday night. That is not what the Australian people got from Bill Shorten tonight. Let me repeat. What Bill Shorten delivered tonight was all politics and no plan. He had enough time to get ready for tonight. All we got from him was a push for higher taxes which would hurt jobs and growth. That is not what Australia needs right now.

QUESTION: Speaking of politics and plans, can you explain why the Government would not release the 10 year costings for its company tax reforms but then will release them later? Wouldn’t do it today but would release them later.

MATHIAS CORMANN: The government has costed our policies in the Budget in the usual way. The Budget forward estimates are a 4 year plan. I think David you well understand that.

QUESTION: You say that Bill Shorten was all about politics but a phrase like Malcolm's millionaires on the eve of an election might hurt a bit, might it?

MATHIAS CORMANN: This is another example that Bill Shorten is all about politics and not about a plan for Australia. He said the other day that he wanted to run Australia like a unionist. That is what the Australian people got to see today. Australia needs to plan for jobs and growth. Australia needs an economic plan to ensure we continue to successfully transition from resource investment driven growth to broader drivers of growth in a strong and diversified economy. That's not what they got from Bill Shorten tonight.

Thank you very much. 

[ENDS]

Senator the Hon Mathias Cormann, Minister for Finance, Perth