Senate debates

Monday, 1 August 2022

Questions without Notice

Budget

3:01 pm

Photo of Larissa WatersLarissa Waters (Queensland, Australian Greens) Share this | Hansard source

My question is to the Minister for Finance, Minister Gallagher. With inflation and rate rises compounding existing housing and inequality crises, we need real action to address cost-of-living pressures. The Parliamentary Budget Office said Mr Morrison's stage 3 tax cuts will cost $224 billion over 10 years, whereas building a million affordable social homes over 20 years would be an investment of $128 billion, with only a $27.3 billion cost to government. Why are you backing the already wealthy rather than fixing the housing crisis, which is far cheaper?

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