House debates
Wednesday, 4 February 2026
Questions without Notice
Economy
2:02 pm
Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source
This is what the RBA governor said yesterday when she was asked very directly about government spending. She said, 'What's happened in the last six months or so is private demand has turned out to be much stronger than we have been forecasting.' That's what the RBA governor had to say very clearly. We know that Australians are still doing it tough, and we know that cost-of-living pressures are real, but that's why we have measures to actually address cost-of-living pressures to take pressure off family budgets in every way that we can. And we'll keep focusing on easing cost-of-living pressures; on making medicines cheaper, which we did on 1 January; investing in more bulk-billing and urgent care clinics, which we are doing; cutting student debt by 20 per cent—opposed by those opposite—paid prac; $10,000 incentives for people to do apprenticeships in construction or in energy; and, of course, free TAFE, which has now had more than 700,000 people participate in it. It's why we support real wage rises. That's why we supported a tax cut last year and why, on 1 July, there will be another tax cut, and, next year, there'll be another one after that.
I note before—
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