House debates

Monday, 12 August 2024

Questions without Notice

Economy

2:27 pm

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

You may as well be talking in a different language. They promised a surplus in their first year and every year thereafter, and they produced none. None! We turned a $78 billion Liberal deficit into a $22 billion surplus and then backed it up with a second surplus—that's on its way.

This is also what Michele Bullock, the RBA governor, had to say about inflation: 'Inflation has fallen substantially since its peak in 2022.' On 6 August, last week, she spoke about international experience: 'We've seen from overseas experience how bumpy inflation can be on the way down and across the economy.' She's been very, very consistent, and we have been consistent. We have been making sure that we do continue to have inflationary pressure put down—

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