Senate debates

Tuesday, 8 October 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'm very tempted to take that interjection because our balance sheet is a lot stronger than it was when we came to government. We have lowered debt, we have lowered interest payments on the debt, we have delivered two surpluses and we are putting investments where we can to grow the economy in a productive way. That is through some of those initiatives like the Future Made in Australia, like the National Reconstruction Fund and like all of our policies targeted to increase productivity, to make sure the budget's in much better shape. And we work hand in hand with the Reserve Bank as inflation remains higher than we would like.

But we have also managed to ensure that we reshape the tax cuts. We've been getting wages moving again. We've got women taking up more hours at work and returning to the workforce, with some of the support around our childcare subsidies. The gender pay gap is closing in a faster way than we've seen in some time. These are all policies that are measured to support the economy. (Time expired)

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