Senate debates

Friday, 17 November 2023

Questions without Notice

Economy

2:21 pm

Photo of Katy GallagherKaty Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I used a quote yesterday about the view of the International Monetary Fund, which, if we listen to what they have said, called our fiscal policies prudent and a fiscal stance supportive of reducing inflation, and that our budget strategy has seen Australia move up the global league table for fiscal management—again, from the IMF. Australia is expected to have the fourth strongest budget balance as a share of GDP amongst G20 countries, up from 15 in 2021. Let's have a listen to that and not listen to the incorrect assertions by Senator Hughes. We have been very cautious around our fiscal stance to ensure that it doesn't add to the inflation challenge.

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