Senate debates

Thursday, 20 August 2026

Questions without Notice

Economy

3:42 pm

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

I can assure the shadow minister for finance that the debt we are repaying—most of which was accrued under those opposite from 2013 to 2022, if you go back and have a look—is less than it would have been had they been left in charge. We have paid down debt, and because we've paid down debt we are paying lower interest on that debt. They are the facts—two surpluses, returning upward revision to revenue to budget and finding savings. Debt is lower in every year that we have been in government than what it would have been if we had followed the path of those opposite.

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