House debates

Wednesday, 14 September 2016

Questions without Notice

Economy

2:05 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

I thank the honourable member for his question. I have said before that this the 45th Parliament will be a parliament that delivers, it is going to be a parliament that works. It is our obligation to address the big challenges Australia faces, and there is none more significant than ensuring our continued prosperity. We are enjoying strong economic growth—3.3 per cent. We are enjoying strong jobs growth—this at a time when we have seen an unprecedented drop in the terms of trade, an unprecedented transition from a mining construction boom. Far from having the hard, catastrophic economic landing that so many economists predicted, our economy is transitioning well. But it is not happening by accident. It needs clear leadership—and that is what we have provided.

The options available to the parliament today are as clear as they are stark: we have to make this 45th Parliament work for all this. We cannot continue to leave behind a legacy of debt that burdens our children and grandchildren with the obligations—

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