CANBERRA, ACT, March 25 -- The Treasurer of Australia issued the following media release:
The Albanese Government is building a stronger economy and stronger Budget, with smaller deficits and much lower debt than we inherited.
Responsible economic management is a defining feature of this Government and this Budget.
While the global economy is uncertain and Australians are still under pressure, we have made substantial progress in turning the economy and the Budget position around.
Inflation is down, unemployment is low, wages are up, interest rates have started to come down, growth has rebounded solidly.
At the same time, the Government has delivered the biggest Budget turnaround in a Parliamentary term - improving the Budget by $207bi...