All changes made to the description and title of this division.

View division | Edit description

Change

Division

senate vote 2015-03-04#1 Edited by Henare Degan on 2015-03-09 14:34:09

Title Motions — Budget Motions — Achieve budget surpluses at least by 2019-20 Description <p class="speaker">David Leyonhjelm</p> <p>I, and also on behalf of Senators Day and Madigan, move:</p> <p class="italic">That the Senate recognises that:</p> Senator Leyonhjelm moved: >That the Senate recognises that: > >(a) the Commonwealth Government's net worth is negative (that is, negative $229 billion in 2014-15, according to the Mid-Year Economic and Fiscal Outlook), indicating That the value of liabilities being left for future generations exceeds the value of assets; > >(b) budget surpluses improve the Commonwealth Government's net worth; > >(c) it is prudent to achieve budget surpluses on average over the medium term; and > >(d) based on the expectations for economic growth and commodity prices set out in the Mid-Year Economic and Fiscal Outlook, it would be prudent to achieve budget surpluses at least by 2019-20. <p class="italic">(a) the Commonwealth Government's net worth is negative (that is, negative $229 billion in 2014-15, according to the Mid-Year Economic and Fiscal Outlook), indicating That the value of liabilities being left for future generations exceeds the value of assets;</p> <p class="italic">(b) budget surpluses improve the Commonwealth Government's net worth;</p> <p class="italic">(c) it is prudent to achieve budget surpluses on average over the medium term; and</p> <p class="italic">(d) based on the expectations for economic growth and commodity prices set out in the Mid-Year Economic and Fiscal Outlook, it would be prudent to achieve budget surpluses at least by 2019-20.</p> <p class="speaker">Stephen Parry</p> <p>The question is that the motion moved by Senator Leyonhjelm be agreed to.</p> <p></p>