Senate debates

Thursday, 20 August 2026

Questions without Notice

Economy

2:48 pm

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

The budget statements were very clear. Budget statement 1 made clear:

As at 30 June 2027, gross debt is $1,051.0 billion, $18.0 billion lower than at MYEFO and $173.0 billion—

below the 2022 PEFO.

We know there is a great deal of work that—sorry, I thought you were standing. We know there continues to be work to be done when it comes to the budget and fiscal sustainability. The government has made a set of decisions that have actually improved the budget position compared to what it would have been under the coalition's forecasts and under the trajectory that the coalition had us on.

I trust, as someone who I know is interested in these matters, that you would actually look at the Treasury documents—

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