House debates

Tuesday, 1 September 2020

Questions without Notice

Economy

2:40 pm

Photo of Jim ChalmersJim Chalmers (Rankin, Australian Labor Party, Shadow Treasurer) Share this | | Hansard source

My question is to the Prime Minister. I refer to the Treasurer's announcement that 'the Morrison government is providing an unprecedented $314 billion in economic support, the equivalent of $12,500 for every Australian man, woman and child'. How much of this announced support has actually been delivered by the government?

2:41 pm

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

Well, let's go through it. In relation to the cash flow boost, 785,418 recipients have received $24.1 billion. In relation to economic support payments, phase 1—which is in relation to the $750 payment—7.3 million people received $5.5 billion. In relation to economic support payments, phase 2, 4.9 million people have received $3.7 billion—

Dr Chalmers interjecting

Photo of Tony SmithTony Smith (Speaker) Share this | | Hansard source

The Treasurer will pause. I've already asked the member for Rankin to cease interjecting. I've got to say, there are lots of complaints in question time. He's asked a very direct question and the Treasurer's answering it very directly, and he's still interjecting. He does not have to add it up for you. He's giving the figures. The Treasurer has the call.

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

The member for Rankin should quit while he's ahead and say no more. The coronavirus supplement has gone to 2.3 million people, at $9.7 billion. In terms of JobKeeper, 996,388 businesses with more than 3½ million employees have received $42.27 billion. That program is costed at $101 billion. The reality is that we're getting on with the job of helping businesses stay in business and people stay in jobs. When it comes to our $314 billion, which is 15.8 per cent of GDP, we'd also like to see the states contribute more, because their contribution has been around 2.4 per cent of gross state product—that is in comparison to our 15.8 per cent.

We hear from the member for Rankin. He is often complaining about debt and deficit but then asking us to spend more. The member for Rankin had been asking for a transition down from JobKeeper. Now he says he's not in favour of a transition. The member for Rankin said that people on JobKeeper were getting paid too much. Now he wants people on JobKeeper to be paid more. The member for Rankin is jumbled. His head is jumbled with all these different facts and figures. The member for Rankin should no longer be known as the member for Rankin; he should be known as Jumble Jim.

Photo of Tony SmithTony Smith (Speaker) Share this | | Hansard source

The Treasurer will withdraw that term.

Opposition members interjecting

Members on my left will cease interjecting.

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

I withdraw the term 'Jim'.

Photo of Tony SmithTony Smith (Speaker) Share this | | Hansard source

No. The Treasurer will withdraw.

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

I withdraw.

Photo of Tony SmithTony Smith (Speaker) Share this | | Hansard source

I'm just going to say to the Treasurer that he's not going to get the call if he does that. I'll tell you why I've been strict on this. He might find it funny now, but I know for a fact that, when the boot's on the other foot, ministers don't appreciate it, and they are the first to complain. The member for Berowra has the call.