House debates

Monday, 23 November 2015

Questions without Notice

Economy

2:33 pm

Photo of Scott MorrisonScott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

I thank the member for Barker for his question and for his keen interest in jobs and growth, not only in his own electorate of Barker but across South Australia and across the country. In addition to the very serious national security issues that were addressed by the Prime Minister in the recent round of G20 meetings, there was also—as you have just heard from the Prime Minister—a very strong focus on the economic task ahead of all of those leaders and here at home in Australia as well. They confirmed again their commitment to growth and jobs, as we have as a country. The G20 is calling for ambitious and comprehensive structural reforms that offer the best opportunity for strong, stable and balanced economic growth. Australia is delivering on all of these things through the platform for strong growth and jobs that we are providing with the combination of policies. Despite the headwinds that our economy currently faces and the transition that we are moving through, we had year-average growth last year of 2.3 per cent—around two per cent on year end. That is twice what comparable economies like Canada are achieving. We are doing twice what they are doing in those like economies.

Equally, on the front of jobs, we are now growing jobs at a rate of more than 10 times what we were at the time of the year of the last election.

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