³Ô¹ÏÍøÕ¾s Member for Page, Kevin Hogan, says the Albanese Labor Budget means everything will continue to cost more for longer.
“Prime Minister Albanese promised this would be a ‘true Labor budget’ and we know what this means,” Mr Hogan said.
“A big spending, big taxing con job that fails to tackle inflation or meaningfully address the housing crisis.”
Mr Hogan said this Labor Government has added $315 billion of extra spending over the last two years. A typical household with a mortgage is now more than $35,000 worse off.
“After two years in office and three Labor Budgets, the Government is no closer to dealing with its homegrown inflation crisis – which means more pressure on cost of living and interest rates higher for longer.”
Mr Hogan said the Reserve Bank Governor has said our inflation is “homegrown” meaning it is a direct consequence of Labor’s bad decisions and wrong priorities.
“Australians know this despite the Treasurer’s spin. Housing is up 12%, rents are up 12%, insurance up 26%, electricity is up 18%, and gas is up 25%.
“Australians are paying the price for Labor’s wrong priorities and bad decisions. In these uncertain economic times, we needed a Budget that gets back to basics.”
