As a public display of dissension in the ranks , it could n't have been clearer . Foreign Minister Julie Bishop shook her head , rolled her eyes and finished off with a face palm as Treasurer Joe Hockey gave a bellicose defence of the late Malcolm Fraser 's 'great initiative ' , the Expenditure Review Committee , otherwise known as the expenditure razor gang . He homed in on the former prime minister 's initiative of the ERC , much to the disgust of his front-bench colleague and the mirth of others , including Education Minister Christopher Pyne . 'And of course he was the great initiator of , and we will be forever thankful , the expenditure review committee and that committee has endured much to the chagrin of my colleagues and it is one of his many last legacies , ' Mr Hockey announced . But there was no hiding the Foreign Minister 's disbelief . Scroll down for video . Ca n't quite believe what she is hearing . Foreign Minister Julie Bishop puts her head in her hand as Joe Hockey trumpets Malcolm Fraser 's razor gang initiative during a speech in parliament on Monday . Julie Bishop rolled the eyes , puffed the cheeks , threw her head back and then shook her head ... she then muttered something before putting her head in her hand , shaking her head once more and raised the eyebrows . Ms Bishop has a look of disbelief on her face as Mr Hockey continues to address Parliament . The Foreign Minister rolls her eyes as Joe Hockey announces 'and of course he ( Malcolm Fraser ) was the great initiator of , and we will be forever thankful , the expenditure review committee ' Julie Bishop ( left ) and Joe Hockey ( standing ) are believed to be at loggerheads once more over claims that the Treasurer has proposed cuts to foreign aid in the May budget . In just 13 seconds , Ms Bishop rolled her eyes , puffed out her cheeks , threw her head back and then shook her head . She then muttered a word before putting her head in her hand , shaking her head once more before finally raising her eyebrows . As she recoiled from Mr Hockey 's speech , there was a mixed response from Coalition MPs - some laughed , others looked on incredulously - no doubt reacting to further angst in the ranks over proposed budget cuts . The federal Treasurer was praising Mr Fraser for being the 'great initiator ' of what is commonly referred to as the government 's razor gang . The cabinet committee is in charge of finding budget cuts across the government and has in the past taken a blade to the foreign aid budget . There are reports Ms Bishop is furious at plans by Mr Hockey to announce further cuts to the foreign aid budget in a bid to balance the books . Ms Bishop earlier said she was not aware of any more cuts and would take the matter up with Mr Hockey . ' I believe we have it about right , ' she told reporters in Canberra on Monday . There have also been reports of concerns among some in the Liberal Party that cabinet members have been deliberately leaking against Ms Bishop to head off her leadership prospects . There are suggestions there will be a small cut to foreign aid in the May budget on top of the $ 140 million allotted to `` InnovationXchange '' , a new project focusing on how Australia provides funds to disadvantaged countries , announced by the Foreign Minister . Treasurer Joe Hockey is set for a showdown with Foreign Minister Julie Bishop over proposed cuts to foreign aid in the May Budget . Of the late Malcolm Fraser , pictured in 1977 on the White House lawns , Joe Hockey stated : 'He was the great initiator of the expenditure review committee and that committee has endured much to the chagrin of my colleagues and it is one of his many last legacies ' The foreign minister said she was not aware of any more budget cuts to foreign aid and would take the matter up with Mr Hockey . Ms Bishop said while the government 's razor gang had not yet considered the $ 4 billion aid budget , she did not believe there was room for more savings . ' I believe we have it about right , ' she told reporters in Canberra . Ms Bishop challenged opposition MPs to 'look into their hearts ' and support the $ 5 billion in other budget cuts Labor had proposed in government but were now resisting .
More dissension in Liberal Party ranks as Julie Bishop reacts with disbelief over Joe Hockey 's lauding of Malcolm Fraser 's razor gang initiative . The Foreign Minister can be clearly seen rolling her eyes , raising her eyebrows and shaking her head during Mr Hockey 's speech . The Treasurer used his time on the floor to honour the late PM claiming 'he was the great initiator of the expenditure review committee ' A number of senior Liberals have expressed their dismay at comments by Finance Minister Mathias Cormann that former Prime Minister Julia Gillard should not receive a medal for 'doing an excellent job'.