Australian Parliament: House of Representatives · Question Time | 26th October 2026
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budget bottom line improved by $230 billion compared with inherited budget
$230 billion
“We have improved the budget position over the last four years by around $230 billion… gross debt in 2025-26 was $197.6 billion… saving around $70 billion in interest costs.”
“We can disappear the budget deficit overnight. The NDIS is basically the budget deficit… we’re spending… 50 to 60 billion a year on the NDIS and Australia’s budget deficit is about 60 billion a year”
“‘It has 130 functional requirements… eight agent roles and five extensions… a self-improving loop and a budget agent.’”
“These last couple of months have been some of the first months that we have had that budget line versus actual variance down to every single GL.”
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