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

We've been very mindful where we have carefully calibrated our spending to ensure that it hasn't made the job of the bank harder. We have been dealing with those big global pressures that have led to higher inflation. The bank itself—I have heard Senator Paterson in interviews; I don't want to say you are misleading or misrepresenting the bank, but you've certainly got a different interpretation of what the governor has said in relation to that.

What you don't say is the things we have done to assist the bank in its work: deliver two surpluses and pay down debt by returning extra revenue back into the budget so we have less debt and less interest on that debt. Where we are investing, we are making a difference to people's lives. It's in the productive side of our economy, in our people and in those people's skills.