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

The first point I'd make is that one of the five packages in the budget—and the context of the budget that the Treasurer spoke at length about was the state of global energy markets and the way that has impacted on Australia. That impacts upon Australia in a number of ways, including through higher energy prices. The consequences of these shocks to global markets are ricocheting throughout our economy, and the Treasurer was upfront about that. That is what is driving, in great part, the challenges through supply chains of higher costs. It is contributing to inflation— (Time expired)