Senate debates

Tuesday, 3 February 2026

Questions without Notice

Economy

2:03 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

I again make this point: we have a growing economy. We have inflation that is much lower than that which we inherited and well below its peak. We have wages which are growing at the fastest pace since 2012 and the lowest average unemployment of any government in the last 50 years. We have the smallest gender pay gap on record. We have a record number of small businesses. We have solid business investment, record investment in public hospitals and importantly tax cuts for every taxpayer with two more rounds to come—this year and next. We have rolled out cost-of-living support; energy bill relief; cheaper child care; cheaper medicines; three days of early childhood education; free TAFE; the largest increase in rent assistance; student debt relief for three million; more bulk-billing; free health advice, through 1800MEDICARE; and five per cent deposits, helping 16,000 first home buyers.

Comments

No comments