Jim Chalmers (Rankin, Australian Labor Party, Treasurer) Share this | Hansard source

and especially the member for Fowler—the last budget papers, including forecasts for the PRRT, for example, showed that receipts from the PRRT will increase 110 per cent, from $786 million in 2020-21 to $1.65 billion in 2021-22, with a further 45 per cent increase in 2022-23. So the premise of the member's question, about an improvement in the budget for last year and the contribution made by world energy prices and some of our energy companies, I agree with. Those are some of the issues that we've made clear, including in the course of the last couple of weeks.

As the member for Fowler and I have discussed, and as I've discussed with colleagues on this side of the House as well, and publicly in my own community and communities around Australia, the reason that the fuel excise relief will come off tomorrow night is because it would cost about $3 billion for every six months of extension—so, $6 billion a year, to extend the fuel excise relief—

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