1 year ago
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The treasurer, Jim Chalmers, has released a statement trumpeting the government’s economic achievements on the (almost) one-year anniversary of the 2022 election.
They are:
More than 330,000 jobs created since May 2022
Wages growth of 3.7% in the year to the March quarter
A forecast surplus in 2022-23, a dramatic turnaround from the $78 billion deficit we inherited from the previous government.
A forecast Budget improvement of more than $143 billion over four years to 2025-26, compared to the Coalition’s 2022-23 March Budget.
Legislated an emissions reduction targets of 43 per cent by 2030 and net zero by 2050, and passed the safeguard mechanism
Investing over $40 billion in our plan to make Australia a renewable energy superpower
Cost of living relief on childcare, medicines, the jobseeker base rate increase, rent assistance, energy rebates and single parent payments
Australians have every right to be proud of what we have achieved together over the past year.
Unemployment remains near a 50-year low, wages have started moving again, and our economy is forecast to grow faster than any of the G7 major economies this year. We have begun the hard yards of getting the nation’s finances back on track, cutting debt and deficits as well as our interest bills.
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