Mathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

(—) (): We agree 100 per cent that monetary policy cannot do the heavy lifting on its own. We absolutely agree, which is why we put forward a plan to build a stronger economy in our budget, which is of course designed to deal with all of the challenges that we're facing in terms of global economic headwinds and in terms of the downside risks to the domestic economy. That is precisely what we're doing. We are lowering income taxes. We've legislated more than $300 billion worth of income tax relief. We have an ambitious infrastructure investment program. We boosted that from $75 billion to $100 billion in terms of infrastructure investment pipeline over the next decade. We have an ambitious free-trade agenda to ensure that our exporting businesses get better access to overseas markets to sell Australian products and services. We've got an ambitious agenda to reduce the cost of doing business through deregulation. We've got an ambitious agenda to bring down the cost of energy, moving forward, in order to make our economy more competitive—