There were a number of elements to that question. First of all, this government has delivered budgets which have meant that our debt trajectory is $200 billion lower than what we inherited from those opposite. That's the first point.

I hear the Leader of the Opposition, right on cue, in ways that I had hoped for, mention that there's a trillion dollars in debt in the budget. More than $600 billion of that trillion dollars was racked up by those opposite. More than 60 per cent of the debt in the budget that was racked up over the last 19 years was racked up in their nine years. They doubled the debt, even before COVID-19. They've got a lot of nerve asking us about debt when most of the debt in the budget, overwhelmingly, was racked up by those opposite.

When it comes to our responsible economic management—two surpluses, smaller deficits, banking upward revisions to revenue, a couple of hundred billion dollars' worth of savings. I will compare that any day with the shameful record of those opposite. To make it worse, this leader of the opposition, when he was the shadow treasurer, went to the last election with a policy for bigger deficits and for more debt. Not having learned the lesson from that, they've now got more than $110 billion in extra unfunded commitments that they have made just this term. So debt would be higher and deficits would be bigger under those opposite.