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

The third element is the supply-side challenges. The National Reconstruction Fund has $15 billion to support new industries and to deal with transition as well for existing industries. With the policy we have on skills and TAFE where we promised 180,000 fee-free TAFE places, we have not only met that target; we have beaten it by 34,000 already, with 214,000 places. We have the Rewiring the Nation plan, fixing the energy grid and bringing it into the 21st century.

That three-part plan to deal with inflation is all about dealing with the inflationary pressures that, as I said, peaked in the March 2022 quarter. Inflation is moderating, and we welcome that. We hope to see it moderate more, and we will welcome that as well. We actually have an economic plan, unlike those opposite, who hid the energy price rise when they were in government and introduced a special regulation to do so.

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