Mr BOWEN (McMahon) (15:08): My question is to the Treasurer. I refer the Treasurer to recent comments by respected market journalist Michael Pascoe: … the evidence keeps mounting that his— the Treasurer's— … (midyear economic and fiscal outlook) forecasts were rubbery. Does the Treasurer stand by the economic assumptions in the midyear economic forecast which contributed to a $68 billion deterioration in the budget since the election?