Senator WONG (South Australia—Minister for Finance and Deregulation) (14:18): You can see how allergic those opposite are these days to the words 'sound financial management'. There is no Peter Costello over there. This is a very different Liberal opposition, one that would be in deficit in every year of the forward estimates were it in government and one that delivered an $11 billion black hole in the last election. The Treasurer will hand down his fourth budget tonight and, as we have said, Mr President— Opposition senators interjecting— The PRESIDENT: If people want to debate issues, the time for that is after question time. Senator WONG: As I said, tonight the Treasurer will hand down his fourth budget. This is a budget that will get us back in the black, get more Australians in jobs and spread the opportunities of the mining boom. It will be a budget that is marked by its commitment to sound financial management, a budget that recognises the challenges of the mining boom and leverages its opportunities for the benefit of all Australians. This sound financial management will be evident in the choices that we have made in this budget and in the fastest fiscal consolidation that we have seen since the 1960s. As we know, Mr President— Opposition senators interjecting— Senator Brandis: Nine Labor budget deficits in a row! The PRESIDENT: The time for debating this is after question time. Senator WONG: Senator Brandis is so concerned about budget deficits he perhaps ought to speak to the economic spokespeople on his side who are presiding over a complete mess when it comes to their fiscal position: an $11 billion black hole in their election policies and a party that would be in deficit in every year of the forward estimates. We are very focused in this budget on our priorities, on the fiscal discipline that is required, on training the Australian workforce and on lifting participation across our economy. (Time expired)