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

Thank you to the wonderful member for Gilmore for her question. The member for Gilmore understands that, despite the welcome and encouraging progress we have made on inflation, we know people are still under cost-of-living pressure, and that's why we've put so much time and effort since we've come to office into putting downward pressure on inflation in our economy. It's why we are pleased that quarterly inflation is now around a third of what we inherited from those opposite. A key reason for that is the way we've gone about managing the budget and the economy in the most responsible way. We have taken pressure off inflation by running a tight budget. We had the first surplus in 15 years; we turned a $78 billion deficit into a $22 billion surplus.

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