Mr HOCKEY (North Sydney) (14:11): My supplementary question is to the Treasurer. I refer the Treasurer to a Bank of America Merrill Lynch report released today which identified that revenue in fact had not fallen on last year but is 7.7 per cent higher than last year and, given that, it also predicts a deficit of over $20 billion this year, and debt to go to $294 billion. Why doesn't the Treasurer come clean with the Australian people? (Time expired)