Mr SWAN (Lilley—Deputy Prime Minister and Treasurer) (14:51): I am pleased to answer the question, because here we have, yet again, the opposition talking down our economy. The shadow Treasurer is referring to the June national accounts data, which is simply outstanding data compared to what is going on elsewhere in the world. It does not mean to say that there are not challenges in our economy; there are. We know that sectors suffer from a higher dollar. We know there are other structural forces impacting upon the manufacturing industry. We know that a cautious consumer is making life difficult in retail. But, having said all that, when you have an unemployment rate as low as ours, when you have growth in a quarter that is faster than just about any other developed economy, it does not help the economy if the opposition is constantly talking it down. In the United States— Mr Hockey: Madam Deputy Speaker, on a point of order: I asked the Treasurer where he was going to find $120 billion to fill the budget black hole. I did not ask him to give a running commentary on commentary. The DEPUTY SPEAKER ( Ms AE Burke ): The member for North Sydney will resume his seat. The Acting Prime Minister has the call. Mr SWAN: In the United States, talking down the economy is called 'throwing sand in the gears' of the economy. As the opposition talk it down, they also try to talk down confidence—that is what they are doing. The allegation has been made by the shadow Treasurer that there is a hole in our budget, taken from a front page headline of the Financial Reviewwhich was dead wrong—completely wrong, completely inaccurate. Of course, we know that your $70 billion crater is there because you told us on morning television. You were sitting beside the minister for the environment when you confirmed that you have a $70 billion crater in your budget bottom line. If you want to disprove the fact that you put it into the media yourself, talk a walk down to the Parliamentary Budget Office. The DEPUTY SPEAKER ( Ms AE Burke ): The Acting Prime Minister will return to the question. Mr SWAN: The truth is this. On this side of the parliament we operate a responsible fiscal policy—absolutely. On that side of the parliament they have a hidden agenda because their shadow finance minister told us about it when he was at Hayman Island. He said, 'We won't put any detail out; we'll do what John Hewson did, we'll hide it until after the election.' That is the approach on that side of the House. They can solve the problem with their crater. They can walk around to the Parliamentary Budget Office.