Government has turned ‘two big Liberal deficits’ into ‘Labor surpluses’: Chalmers

Treasurer Jim Chalmers says the Albanese government has turned “two big Liberal deficits” into “Labor surpluses”.

“The governor of the Reserve Bank has said that those two surpluses are helping in the fight against inflation,” Mr Chalmers said.

The Treasurer said the government designed this cost-of-living relief “in a way that puts downward pressure on inflation, rather than upward”.

Government has turned ‘two big Liberal deficits’ into ‘Labor surpluses’: Chalmers