The federal government has scored the opposition's spending allocations, stressing that they would eventually eradicate the projected federal budget surpluses of about $1 billion on 2012/13 and up to $5.4 billion in 2013/14.

Finance Minister Lindsay Tanner said that opposition leader Tony Abbot's existing explicit commitments "already send the budget $15.7 billion more into the red over the forward estimates and would wipe out the government's surpluses."

He reminded though that the amount still excludes revenues from the impending tax reform packages that Mr Abbot is set to oppose, adding that the opposition leader must first clarify the source of funds for his intended measures and replace the money to be wiped out by Mr Abbot's continued blocking of government's austerity measures.

Mr Tanner said that if the opposition leader was so bent on junking the resource super profits tax, then he needs to find other ways to pay for the associated tax cuts and expenditures and at least duplicate the two percent spending cuts by the government once the budget hit the one percent surplus.

On top of it, Mr Abbot will be put to task on guaranteeing that the budget surpluses projected by the government will be realised and maintained.

The finance minister is convinced that the opposition's debt and deficit scare tactic is a failure as he compared Mr Abbot's stand on the budget policy to that of a televangelist "who preach chastity during the daytime on TV shows and at night are out at cheap motels."

In a meeting with Queanbeyan farmers, Mr Abbot said that he is declaring war on the federal government's proposed super profit tax on the resource industry, asserting that "this is a tax that will snuff out Australia's prosperity since it was aimed squarely at the industry that got Australia through the global financial crisis."

The opposition leader reminded his farmer audiences that they would be hard hit too as the new tax would impact on the cost of fertilisers and road constructions once the government started imposing the 40 percent levy on the mining industry come 2012.