House debates

Wednesday, 4 March 2020

Questions without Notice

Economy

2:13 pm

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

What I can confirm to the House is that the Australian economy continues to grow. The national accounts today show that it grew by 0.5 per cent for the December quarter and 2.2 per cent through the year. That is an increase on 1.8 per cent through the September quarter. We have delivered the biggest tax cuts in more than 20 years, the lowest welfare dependency in 30 years, the first current account surplus in more than 40 years and the first balanced budget in 11 years—and no-one can take that away from the coalition. The reality is that, under the Labor Party, where the member for Rankin was running around—

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