Senate debates

Thursday, 21 March 2024

Questions without Notice

Economy

2:10 pm

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

I thank Senator Smith for that question. As I said in my previous answer, the centrepiece of our cost-of-living relief and assistance in the budget will be the tax cuts; 100 per cent of Australian taxpayers will get a tax cut from 1 July, and the overwhelming number of them will get a bigger tax cut than they would have gotten under the former plan.

But we know there is more work to do. We know people are still feeling the pressure of the high rates of inflation; which is moderating, and that is welcome. Our strategy will continue to focus on that: providing relief where we can, where it is affordable and won't add to inflation; repairing the budget; and, of course, making investments where we can in the future economic growth of this country. We know that, under the opposition—who have nothing but negativity—inflation would have stayed higher, wages would have stayed lower and there would be more debt that the Australian government would be managing. Our economic plan is working,

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