Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

What I can confirm again for the Labor Party is that, under Labor, spending as a share of the economy was constantly trending up. The Intergenerational report showed 37 per cent as a share of the economy over the next few decades. Under the coalition, spending as a share of the economy is actually trending down, from 25.9 per cent now to 25.3 per cent. Spending under Labor, according to the Independent Commission of Audit, was heading for 26.5 per cent as a share of the economy in 2023-24. It is actually now trending down. Why is that? Because we are actually controlling spending growth. Do you know what the only reason is that spending is still at 1.5 and not still down at one per cent? Because—