Senate debates

Thursday, 12 September 2024

Questions without Notice

Economy

2:01 pm

Photo of Simon BirminghamSimon Birmingham (SA, Liberal Party, Shadow Minister for Foreign Affairs) Share this | Hansard source

My question is to the Minister representing the Prime Minister, Senator Wong. Before the election, the Prime Minister promised, 'All families will be better off.' However, since the election, prices have increased across the board by 10 per cent. Rents are up 16 per cent, health costs are up 11 per cent, food costs are up 12 per cent and gas is up 33 per cent. Economist Brendan Rynne said last week, 'High government spending is also hampering the Reserve Bank's efforts to control inflation.' The Reserve Bank itself has said similar. Why can this government not manage inflation and, instead, is making the problem worse?

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