Zaneta Mascarenhas (Swan, Australian Labor Party) Share this | Hansard source

When people voted in the 2022 election, what they wanted was a government that would listen and act. They also wanted a government that would take responsibility, and that's exactly what we did on Tuesday night, as the Treasurer delivered his speech. This budget is about cost of living, homes for more Australians, the care economy—because, of course, this is the party that actually cares—and a Future Made in Australia. In Swan, my community, this means that every taxpayer—that's 94,000 people—will get a tax cut. In WA, every household—74,000 households—will actually get a $700 electricity credit, thanks to the WA government and the federal government working together. We're also wiping $3 billion worth of HECS debts. This will help 22,000 students. We're also paying super on paid parental leave. This will help 2,000 parents in Swan.

But this budget isn't just about today; it's also about investing in the future. We're building a future made right here in Australia. We're looking at transforming Australia's industrial base and positioning ourselves in the world in a decarbonised economy, with a $22.7 billion package. This includes the Net Zero Economy Authority, the commercialisation of renewables, tax credits for hydrogen and critical minerals.

See this speech in context