House debates

Tuesday, 22 June 2021

Questions without Notice

Economy

2:23 pm

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

all talk about the devastating and diabolical consequences that would occur. The Leader of the Opposition even said that the economic roof of the Australian economy would come crashing down—they were his words about the end of JobKeeper. The member for Rankin went out and did a video prophesising doom and gloom with the end of JobKeeper. The member for Rankin said that we didn't know what was happening in the towns and suburbs across Australia with the end of JobKeeper. Well, the ABS has told us that, since the end of JobKeeper, 84,000 new jobs have been created.

Dr Chalmers interjecting

The member for Rankin, who keeps interjecting, said we didn't know what was happening in the towns and the suburbs. Well, he didn't know what was happening in his own towns and suburbs of Queensland, because the unemployment rate has fallen in Queensland since the end of JobKeeper, 24,000 jobs have been created in Queensland, and there are now a record number of Queenslanders in work.

We've also seen, in the March quarter national accounts, economic growth of 1.8 per cent, beating market expectations. We saw farm output at the highest level in seven years and housing investment at the highest level in 17 years. Machinery and equipment, over the last couple of quarters, have been at their strongest in more than a decade, off the back of our economic plan—an economic plan that is lowering taxes, an economic plan that is incentivising investment and an economic plan that is creating more jobs right across the country, including in Queensland.

Comments

No comments