Senate debates

Thursday, 12 March 2026

Questions without Notice

Economy

2:17 pm

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

The pressure that has come on inflation in recent times has been directly linked to the conflict in the Middle East. Anyone who suggests otherwise isn't looking at what's happening in the Middle East or reading the data that is coming out of that, including an oil price that's moved from about $60 a barrel to over $120. I think it's currently trading at about $100 a barrel. To omit that from your question really says something about the seriousness of the question you pose to me.

In relation to the work before government—and this is work that we are doing every single day—we are looking at how we get the budget in better shape, at how we find sensible savings without attacking the services and systems that people in this country rely upon, and at how we're managing inflation and addressing some of the productivity challenges in the economy. That will be our focus. (Time expired)

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