government revenue grows 24% since 2008, page-19

...and spent an unsustainable $314 billion in new expenditure and poorly targeted tax policy.

Just in case you missed it folks he's of course quoting the government here.

The same government who has crazily announced many billions of dollars of expenditure in grandiose plans in recent weeks. I think PM Gillard's words were "funding is only one side of the equation" or similar.