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You can find the current article at its original source at http://www.theguardian.com/australia-news/live/2015/sep/17/malcolm-turnbull-down-to-work-as-tony-abbott-declares-he-will-stay-politics-live
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Joe Hockey reveals latest budget figures – as it happened | Joe Hockey reveals latest budget figures – as it happened |
(30 days later) | |
8.11am BST | 8.11am BST |
08:11 | 08:11 |
Almost night time politics | Almost night time politics |
I am signing off now, at the end of a very long sitting week. Live publishing is a dangerous thing with sleep deprivation. | I am signing off now, at the end of a very long sitting week. Live publishing is a dangerous thing with sleep deprivation. |
Thanks to my brains trust: Lenore Taylor, Daniel Hurst, Shalailah Medhora and Melissa Davey. Thanks also to Mike Bowers wonderful pictures. And thanks to you, dear readers, for your company and comments. We wouldn’t be here without you. | Thanks to my brains trust: Lenore Taylor, Daniel Hurst, Shalailah Medhora and Melissa Davey. Thanks also to Mike Bowers wonderful pictures. And thanks to you, dear readers, for your company and comments. We wouldn’t be here without you. |
I will leave you with #putyouronionsout for the former PM Tony Abbott. | I will leave you with #putyouronionsout for the former PM Tony Abbott. |
People are so helpful. | People are so helpful. |
conversely, there are now ONIONS hanging up on the sign outside Tony's electoral office 😭 #putyouronionsout pic.twitter.com/iJRfLa8f2j | conversely, there are now ONIONS hanging up on the sign outside Tony's electoral office 😭 #putyouronionsout pic.twitter.com/iJRfLa8f2j |
Updated | Updated |
at 8.13am BST | at 8.13am BST |
7.29am BST | 7.29am BST |
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It is understood Malcolm Turnbull has had a number of congratulatory phone calls from world leaders, including Barack Obama, Israel’s prime minister Binyamin Netanyahu and the secretary general of the United Nations, Ban Ki-moon. UK prime minister David Cameron is expected to call later today. | It is understood Malcolm Turnbull has had a number of congratulatory phone calls from world leaders, including Barack Obama, Israel’s prime minister Binyamin Netanyahu and the secretary general of the United Nations, Ban Ki-moon. UK prime minister David Cameron is expected to call later today. |
7.14am BST | 7.14am BST |
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Daniel Hurst | Daniel Hurst |
Joe Hockey has declared that the bottom line of his widely criticised first budget turned out to be $3bn better than expected in a piece of good news for the treasurer as he braces for the likely loss of the key economic portfolio in Malcolm Turnbull’s looming cabinet reshuffle. | Joe Hockey has declared that the bottom line of his widely criticised first budget turned out to be $3bn better than expected in a piece of good news for the treasurer as he braces for the likely loss of the key economic portfolio in Malcolm Turnbull’s looming cabinet reshuffle. |
The new prime minister is due to announce ministerial changes in coming days ahead of an expected swearing-in ceremony on Monday. Scott Morrison is widely tipped to be named as the new treasurer following Turnbull’s criticism of the Abbott-led government’s economic leadership. | The new prime minister is due to announce ministerial changes in coming days ahead of an expected swearing-in ceremony on Monday. Scott Morrison is widely tipped to be named as the new treasurer following Turnbull’s criticism of the Abbott-led government’s economic leadership. |
The Labor MP Ed Husic taunted Hockey about his future during question time on Thursday, asking what he had planned for his third budget, due in May next year. | The Labor MP Ed Husic taunted Hockey about his future during question time on Thursday, asking what he had planned for his third budget, due in May next year. |
Hockey replied that “whatever’s planned for the third budget is a hell of a lot better than Labor’s last budget” and that the former government “was a fiscal disaster and an economic disaster for Australia”. | Hockey replied that “whatever’s planned for the third budget is a hell of a lot better than Labor’s last budget” and that the former government “was a fiscal disaster and an economic disaster for Australia”. |
He then pre-empted a statement he was due to make at the end of question time about the final budget outcome for the 2014-15 financial year. The full details are due to be released on Monday. | He then pre-empted a statement he was due to make at the end of question time about the final budget outcome for the 2014-15 financial year. The full details are due to be released on Monday. |
“I have been informed by the Treasury of the final budget outcome for our first budget and that is that the budget bottom line is $3bn better than what we expected at budget time,” Hockey said. | “I have been informed by the Treasury of the final budget outcome for our first budget and that is that the budget bottom line is $3bn better than what we expected at budget time,” Hockey said. |
“The government is spending nearly $3bn less than forecast and net government debt is reduced by $11.5bn more than we expected.” | “The government is spending nearly $3bn less than forecast and net government debt is reduced by $11.5bn more than we expected.” |
Hockey’s wife, Melissa Babbage, was seen in the public gallery for question time. | Hockey’s wife, Melissa Babbage, was seen in the public gallery for question time. |
In May 2015, Hockey estimated an underlying cash deficit of $41.1bn for the 2014-15 financial year. His office said on Thursday that the final outcome was $38bn. | In May 2015, Hockey estimated an underlying cash deficit of $41.1bn for the 2014-15 financial year. His office said on Thursday that the final outcome was $38bn. |
Labor pointed out that the new deficit figure was still $14bn worse than the $24bn estimated for 2014-15 in the pre-election fiscal and economic outlook, which was was signed off by the secretaries of Treasury and the Department of Finance before the 2013 election. | Labor pointed out that the new deficit figure was still $14bn worse than the $24bn estimated for 2014-15 in the pre-election fiscal and economic outlook, which was was signed off by the secretaries of Treasury and the Department of Finance before the 2013 election. |
Despite revealing the headline figures on Thursday, Hockey said in a statement that the final budget outcome document was some days off being published. | Despite revealing the headline figures on Thursday, Hockey said in a statement that the final budget outcome document was some days off being published. |
“The final budget outcome will be released in full on Monday morning,” he said, arguing the figures showed the government was heading in the right direction. | “The final budget outcome will be released in full on Monday morning,” he said, arguing the figures showed the government was heading in the right direction. |
Hockey is widely expected to lose his treasury portfolio in the looming reshuffle. He had made a public pitch for his colleagues to maintain their support for Abbott before the Liberal party room met for the leadership showdown on Monday. | Hockey is widely expected to lose his treasury portfolio in the looming reshuffle. He had made a public pitch for his colleagues to maintain their support for Abbott before the Liberal party room met for the leadership showdown on Monday. |
7.09am BST | 7.09am BST |
07:09 | 07:09 |
I’m here. | I’m here. |
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07:02 | 07:02 |
Data editor Nick Evershed has been doing the numbers in the parliament during Tony Abbott’s leadership. He’s got lots of cool graphs. Nick writes: | Data editor Nick Evershed has been doing the numbers in the parliament during Tony Abbott’s leadership. He’s got lots of cool graphs. Nick writes: |
The Abbott government was the least productive government in passing legislation since 1971, according to a Guardian Australia analysis. | The Abbott government was the least productive government in passing legislation since 1971, according to a Guardian Australia analysis. |
Following Malcolm Turnbull’s ousting of Tony Abbott, I’ve updated my previous analysis of the rate of acts passed per day. | Following Malcolm Turnbull’s ousting of Tony Abbott, I’ve updated my previous analysis of the rate of acts passed per day. |
This analysis looks at the ability of a government to pass legislation. Admittedly this is a quantity over quality approach, but it does offer us a quantitative measure of a government, political party or prime minister. It’s obviously not the only measure by which to judge the effectiveness of a government, and it’s worth considering in context with economic, health and other national figures. | This analysis looks at the ability of a government to pass legislation. Admittedly this is a quantity over quality approach, but it does offer us a quantitative measure of a government, political party or prime minister. It’s obviously not the only measure by which to judge the effectiveness of a government, and it’s worth considering in context with economic, health and other national figures. |
6.52am BST | 6.52am BST |
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Mansplain is the word of the year apparently. | Mansplain is the word of the year apparently. |
Except some people - I’m looking at Mike Bowers - were only enlightened after the intervention yesterday by Tanya Plibersek. | Except some people - I’m looking at Mike Bowers - were only enlightened after the intervention yesterday by Tanya Plibersek. |
"My Dear Sabina" @edhusicMP mansplains things via text to @sabinahusic pic.twitter.com/JCz9NtdwUg | "My Dear Sabina" @edhusicMP mansplains things via text to @sabinahusic pic.twitter.com/JCz9NtdwUg |
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Apparently Joe Hockey is only putting out his statement on the final budget outcome for 2014-15. These are the main points from the treasurer. | Apparently Joe Hockey is only putting out his statement on the final budget outcome for 2014-15. These are the main points from the treasurer. |
The Budget I delivered in May will see the deficit reduced further, each and every year. This is the outcome of the first full year of the Abbott Coalition government. The final budget outcome will be released in full on Monday morning. | The Budget I delivered in May will see the deficit reduced further, each and every year. This is the outcome of the first full year of the Abbott Coalition government. The final budget outcome will be released in full on Monday morning. |
Updated | Updated |
at 7.31am BST | at 7.31am BST |
6.26am BST | 6.26am BST |
06:26 | 06:26 |
Did you get my text? | Did you get my text? |
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06:21 | 06:21 |
Pssst... | Pssst... |
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06:19 | 06:19 |
Wha? | Wha? |
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06:16 | 06:16 |
Labor is prosecuting a matter of public importance: “The prime minister’s mismanagement of the NBN”. | Labor is prosecuting a matter of public importance: “The prime minister’s mismanagement of the NBN”. |
Jason Clare is talking about the enmity going back between Malcolm Turnbull and Tony Abbott. | Jason Clare is talking about the enmity going back between Malcolm Turnbull and Tony Abbott. |
6.14am BST | 6.14am BST |
06:14 | 06:14 |
Scott Morrison got the last government question on pensions. | Scott Morrison got the last government question on pensions. |
6.13am BST | 6.13am BST |
06:13 | 06:13 |
Shorten asks Turnbull: I refer to the prime minister’s earlier answer today, and I quote, “The government policies are sound. All of the government’s policies have my support.” Can the PM confirm his support for $100,000 university degrees, $8 billion of cuts to schools and hospitals and cuts to the pensions? Can the PM confirm he supports the same old broken promises and cuts? | Shorten asks Turnbull: I refer to the prime minister’s earlier answer today, and I quote, “The government policies are sound. All of the government’s policies have my support.” Can the PM confirm his support for $100,000 university degrees, $8 billion of cuts to schools and hospitals and cuts to the pensions? Can the PM confirm he supports the same old broken promises and cuts? |
Pyne tries to intervene but Speaker Smith sits him down, saying the PM will be able to deal with false assertions in the question. | Pyne tries to intervene but Speaker Smith sits him down, saying the PM will be able to deal with false assertions in the question. |
Turnbull: | Turnbull: |
They are the government’s policies. Every policy of any rational, constructive government is always under review. Of course. Our cabinet will examine the challenges that we face, the policies that we have, we’ll develop new policies but really, if the opposition leader - I’d encourage the opposition leader over the next three weeks to think about changing his question time strategy. I mean, he should have pity on the people of Australia who are crying out for an opposition that is actually interested in the economy, that is actually interested in the details of the problems that Australians faced and wants to hold the government to account but just sort of shouting a political zinger or slogan across the dispatch box. | They are the government’s policies. Every policy of any rational, constructive government is always under review. Of course. Our cabinet will examine the challenges that we face, the policies that we have, we’ll develop new policies but really, if the opposition leader - I’d encourage the opposition leader over the next three weeks to think about changing his question time strategy. I mean, he should have pity on the people of Australia who are crying out for an opposition that is actually interested in the economy, that is actually interested in the details of the problems that Australians faced and wants to hold the government to account but just sort of shouting a political zinger or slogan across the dispatch box. |