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

I don't want to continue the history lesson, but if we look at when you were in government and what we saw when we came to government we inherited $1 trillion of debt forecast from you in 2023. We have managed to lower debt, to pay down debt. Debt is $173 billion lower under this budget, and we save in the order of $70 billion in interest payments. That's because of the responsible decisions we've taken in this budget, and that is the approach we will continue to take in future budgets: paying down debt, lowering it from what we inherited and making sure the interest payments are lower.