Senate debates

Wednesday, 20 March 2024

Questions without Notice

Interest Rates

2:13 pm

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

Like our first two budgets, the May budget will be responsible, affordable and suited to the economic circumstances of the time. Our economic and budget strategy revolves around the three key areas of providing cost-of-living relief without adding to inflation, repairing our budget and the supply chains that we've seen, in particular, over the last couple of years, and driving our growth agenda—our economic reform agenda—to drive the future economy.

The centrepiece of the budget will be those tax cuts that have passed the parliament. They are a very important and very significant investment to make sure that people are keeping more of what they earn, and that will be a key part of the budget. Those measures will flow from 1 July. We will do whatever else we can responsibly, within the budget parameters, to support Australian families. (Time expired)

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