Tyron Whitten (WA, Pauline Hanson's One Nation Party) Share this | Hansard source

What a place to find ourselves in at the beginning of 2026. In as late as August last year, the Labor government were claiming credit for a recovering economy and touting their fiscal responsibility. What a difference six months makes. The can could only be kicked down the road so far before the economic reality of Labor's disastrous policies came to bear—3.8 per cent inflation, out-of-control spending and seemingly no plan to bring it back into line.

The MYEFO shows just how badly the Labor government have failed in their economic policy. There has been a record increase in estimated spending of $47.8 billion in just six months. How a government can defend understating their already reckless spending by $47.8 billion is beyond me. These are estimates that are relied upon by the RBA to set fiscal policy. Right now, they'd be better off throwing darts at a dartboard to figure out what spending is going to be. If Mr Chalmers were working in the real world, he would get the chop for a bungle of this magnitude, but, in the world of Labor politics, he's next in line for the top job. The government is trying to hide the bad news, but there's no running from the economic truth. The latest round of inflation figures is a shocking 3.8 per cent, driven by out-of-control public spending that One Nation has warned about for years.

This is only the beginning. This will be the year of rate rises. This is the year of the housing default, where the young Australians that Labor sold their 95 per cent home loans to are hit with rate rises that they cannot afford. This is the year that the full force of Labor's economic destruction comes to the homes of Australia. Make no mistake: the Australian people will not and should not tolerate this failure of a government. It is time for a party that is willing to make hard decisions for the good of all Australians. One Nation is ready to answer that call.