Senate debates

Wednesday, 20 November 2024

Questions without Notice

Economy

2:11 pm

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

It might be a one-off $600 billion investment in nuclear energy. We don't know because you haven't told us. I can assure those opposite that our approach going forward will reflect the decisions that we have taken in previous budgets, which is to find savings where we can, to repair the budget where we can. Remember there is $80 billion less interest we're paying now because we repaired the budget. We have delivered two surpluses, which are helping with the fight against inflation. And where there are additional investments required, they will not add to the inflation challenge. As you have seen in the decisions we have already taken, it is a responsible approach that looks at the short term but doesn't take our eye off the longer term. That is the approach we've taken since October. It is the approach that we will continue with.

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