Jim Chalmers (Rankin, Australian Labor Party, Treasurer) | Hansard source

Thank you, Mr Speaker. I'm asked about inflation and budget settings. I've pointed out that inflation came down again today for the second consecutive month, and I ran through all the other figures in a press conference earlier today. If the shadow Treasurer wants to say that all the inflationary pressures in our economy are about government spending then, by his own admission, the extra $110 billion in commitments that they have made over the next four years would mean higher inflation and higher interest rates. So he has to choose.

The final point I'd make is this. Yesterday I said that one of the reasons the Liberal Party is dying in the arms of the opposition leader is that he's trying to out-One-Nation One Nation, and that's increasingly the perspective. To be fair to him, there is a second reason the Liberal Party is dying in his arms, and that's the member for Goldstein.

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