Senate debates

Thursday, 19 September 2019

Questions without Notice

Economy

2:05 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) | Hansard source

and well above the 1.9 per cent long-term average. For the second year in a row we kept spending as a share of GDP below the long-run average of 24.7 per cent. Spending as a share of GDP was headed for 26½ per cent under Labor and rising and is now down to 24.6 per cent.

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