Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

The budget that we brought down in May is a responsible budget that invests in the future and, most importantly, tackles inflation. It tackles the inflation legacy left to this government by the previous government. It tackles an inflation legacy that was produced by reckless spending and inattention to capacity constraints and an inflation legacy that is eating away at the living standards of working families and which we are determined to tackle. We understand that the price of petrol affects working families. An increase per litre from $1.30 to $1.60 has an impact of about $9 on working families. That is why we are so committed to delivering the tax cuts.

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