House debates

Monday, 9 September 2019

Questions without Notice

Economy

3:25 pm

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

I can confirm that non-mining investment is growing 1.4 per cent through the year compared to negative 8.4 per cent through the year in which Labor left office. The record there is that, when it comes to non-mining investment, we have overseen a better result than the Labor Party did. In terms of the mining sector, we have seen a transition from the investment stage to the production phase. One of the positive points out of the national accounts for the June quarter is that mining investment is actually up. The reality is that under the coalition we are creating more than 1.4 million new jobs, we are lowering taxes and we are bringing the budget back into surplus. The question I have for the member for Hotham and for all those opposite is: why do they continue to talk down the Australian economy?

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