House debates

Wednesday, 3 April 2019

Questions without Notice

Economy

2:13 pm

Photo of Josh FrydenbergJosh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

We brought spending growth down to less than half of what we inherited—under two per cent. Tax to GDP has stayed at 23.3 per cent, below our cap of 23.9. But we have a cap and those opposite don't, because they don't believe there should be any limits to taxes, because they have $200 billion of taxes.

The reality is our strong budgetary position has allowed us to invest in the things that matter to the Australian people: $100 billion of infrastructure, which will get them to work earlier and get them home to the dinner table sooner; a skills package of more than half a billion dollars to create 80,000 new apprentices; and tax cuts for more than 13 million Australians, because we believe Australians should earn more and Australians should keep more of what they earn. That is the contrast at the next election. We on this side of the House are for lower taxes. Those on that side of the House are for higher taxes. This budget presents a clear choice to the people of Australia.

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