Mr SWAN (Lilley—Deputy Prime Minister and Treasurer) (14:11): It is extraordinary to get a question from the opposition about an international carbon price, a concept they do not even agree with. It is pleasing to hear that it might have some passing relevance to the introduction of a carbon price in Australia and perhaps, for the first time, some approval from those opposite—given the failure of their fear campaign about carbon pricing. The facts are these. This government budgets in a responsible way. Mr Frydenberg interjecting— The SPEAKER: Order! The member for Kooyong is warned! Mr SWAN: We budget in line with the Charter of Budget Honesty set down by Peter Costello. So, as is the usual practice, we will bring our budget down in May and we will update all of our forecasts. We will do all that in May in the responsible way. There is a very stark contrast between the approach of us on this side of the House and the approach of those on that side of the House, because the Charter of Budget Honesty went out the window at the last election campaign. They did not comply with the Charter of Budget Honesty and were found after the election to have had an $11 billion black hole in their budget forecast, in complete breach of the charter. Mr Hockey: Madam Speaker, I rise on a point of order as to relevance. The question is about the massive black hole in the carbon tax package and whether he is going to tell the truth in the budget. The SPEAKER: For future points of order, I will not be tolerating debate. It has been abused too much. The Treasurer has the call and will return to the question before the chair. Mr SWAN: Most certainly. I was asked a question about budgeting and we do follow the Charter of Budget Honesty, unlike those opposite. So it is a bit rich to get the sort of question we got today from the shadow Treasurer about the Charter of Budget Honesty, which they breached massively in the last election campaign—just a little bit rich. Also we have a question about a carbon price they do not believe in. We will update our figures in the normal way in the May budget and wouldn't it be good if we could see from that side, just once, a costed policy? They are out there all the of time claiming that they are responsible. They are out there all of the time claiming that the government is spending too much. They are out there all of the time claiming there is an entitlement mentality and they are going to cut it back, but we cannot see one costed policy about anything. The SPEAKER: The Treasurer will return to the question. Mr SWAN: So, if you want some honesty about these matters, how about you, who believes that government is too big and government is spending too much, put a policy on the table that is costed and take it to the PBO.