Senate debates

Tuesday, 6 September 2022

Questions without Notice

Economy

2:37 pm

Photo of Katy GallagherKaty Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

Thank you, President. I believed I answered the question. I'm happy to deal with it in the supplementary, but I think I have been directly relevant. I think that goes to some of the challenges facing the economy at the moment, which the RBA is dealing with on the monetary side and we are dealing with on the fiscal side: getting that balance right, making sure that we're not adding to inflationary pressures and also making sure that working people are getting a bit of a crack at it and getting some suitable compensation to deal with those increasing costs of living that they're experiencing from rising inflation. I would say the announcement being made by the RBA today will add to some of those pressures on households, and the challenge is for the bank and the government to work hand in hand to make sure we're doing what we can to ease those pressures on people.

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