Mr HOCKEY (North Sydney) (14:40): My question is to the Prime Minister. I remind the Prime Minister of her promise three years ago today that the budget would be back in surplus in 2013. Given that her government has presided over $110 billion in deficits since then, and a further $29 billion of deficits are forecast, why has the Prime Minister not kept her promise to the Australian people that the government would live within its means?