House debates

Wednesday, 29 March 2023

Questions without Notice

Cost of Living

2:31 pm

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

were 6.75 per cent, which is higher than 3.6 per cent—6.75 compared with 3.6. And the fact is that the budget papers accompanying Josh Frydenberg's final budget confirmed not just that there were no surpluses over the forwards. Instead, the coalition was on track to rack up $224 billion in additional borrowings over four years, and the Intergenerational Report produced by them showed that no budget would be in surplus in any year between now and 2060. That's in spite of the fact that, in the lead-up to the election in which they attained office in 2013, the then shadow treasurer and the then Liberal Party said they would have surpluses each and every year, going forward. They never delivered. They stopped the 30 years of consecutive economic growth thanks to the Hawke-Keating economic reforms. The fact is that those opposite talk a big game but they never ever deliver.

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