Abbott declares all bets off on surplus

OPPOSITION Leader Tony Abbott has declared "all bets are off" on a timeframe for delivering a budget surplus.

Mr Abbott, answering questions from Geelong voters in the nation's most marginal seat of Corangamite, said he didn't know the starting point to achieve a surplus.

Asked by an elderly Geelong woman what his top priority would be as prime minister, Mr Abbott said it would be to get "the budgetary house in order."

"We were confident that we could deliver a surplus based on what the government was telling us until just before Christmas," Mr Abbott said.

"But all bets are off, given the government won't tell us what the deficit will be."

He reiterated that it was in the coalition's DNA to deliver surpluses and pay back debt.

Mr Abbott flagged industrial relations changes should the coalition win power.

But any change would be "careful, cautious, responsible", he said.

"We will have a lot more to say about this in the relatively near future," the opposition leader said.

He said the coalition's plans would address "flexibility, militancy and productivity problems emerging under the Fair Work Act".

"We will work within the framework of the existing act," Mr Abbott said.

Mr Abbott said the carbon tax would be scrapped by the middle of 2014 if he wins government.

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