House debates Questions without Notice
Cost of Living
Anthony Albanese Grayndler, Australian Labor Party, Prime Minister
2:45 pm
as part of our very clear plan. Every measure was opposed by those opposite. There's something else we've done to take pressure off inflation, and that is to turn around the $78 billion deficit that those opposite left and turn that into a $22 billion surplus. That's a $100 billion turnaround, which is the biggest nominal improvement in Australian history. This is what S&P Global had to say:
The improvement in fiscal outcomes is a key factor in our AAA ratings because it will reduce the Government's annual borrowing needs and provide a buffer to absorb future economic shocks.
Those opposite apparently think that inflation has nothing to do with cost of living. That's what the interjections are saying. (Time expired)
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