Senate debates

Tuesday, 2 July 2024

Questions without Notice

Interest Rates

2:17 pm

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

The government has taken decisions to support households and to work hand in hand with the Reserve Bank as they have been undertaking their tightening of their monetary policy, and our decisions are supportive of that work. That is why we are able, within the room we've found in the budget, to provide targeted, calibrated cost-of-living support to help households. We acknowledge that people are doing it tough. That is clear, and the government has a serious responsibility to do what it can to put downward pressure on inflation where our decisions impact and make sure that the decisions we take support households, which is exactly why we revised the tax arrangements because, if we had not revised them and changed them—changes that those opposite wanted to call an election over originally—thousands, or millions, of workers, would have missed out on a tax cut on 1 July. So we— (Time expired)

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