Senate debates
Monday, 19 August 2024
Questions without Notice
Taxation
2:15 pm
Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source
(—) (): Treasury provides forecasts in the normal way, as you would expect. Their forecasts across all receipts and expenses are factored into the budget papers, so that information is there, and that reflected at budget time the revised proposal that we put to this parliament, that we argued for to the Australian people and that those opposite want to undo. The tax cuts that we put in place will return bracket creep, and they lower average tax rates for all taxpayers compared to the 2023-24 setting. So, in answer to your question, yes, they will be factored into the forecasts. We are very pleased with how our reformed and revised plans both were supported in the parliament and indeed have been supported by the community. I think the community understands that everyone getting a fairer and better deal was delivered through the revised tax cuts that we championed. (Time expired)
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