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

I thank the Deputy Leader of the Opposition for her question. This is what the RBA governor, Michele Bullock, said last Thursday in Armidale:

… governments have a job to do and I have a job to do. My job and the Reserve Bank's job is to get inflation down. The governments have a different job. Their job is also to get inflation down, and they acknowledge that, but it's also to provide services and infrastructure for the Australian people. So, they need to do that at the same time as they need to focus on keeping inflation down …

That's precisely what we're doing. It's also consistent with what the governor told estimates in May, where she said:

… fiscal policy has been running a surplus for the last couple of years, so I'd say that has been helping the … inflation situation, if anything …

I know for those opposite, a budget surplus is something that is foreign to them.

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