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

When it comes to government spending, we have turned two very big Liberal deficits into two big Labor surpluses, and the Governor of the Reserve Bank has made it clear that those two surpluses are helping in the fight against inflation. We have found almost $80 billion in savings, and those opposite found none in their last budget. We've banked almost all of the upward revision to revenue in our budgets; those opposite used to spend most of the upward revisions to revenue in the budgets. We've been managing the budget in a very responsible way, getting the budget in much better nick and cleaning up the mess that we inherited from those opposite at the same time as we roll out cost-of-living relief—

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