Australian Parliament: House of Representatives · Question Time | 29 October 2026
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recorded $180 billion in budget savings across eight budgets, including a record $63 billion in the last budget
$180 billion total savings, $63 billion record in last budget
“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”
“…that's why this government, in the last budget, dedicated $3.8 billion to assist small businesses.”
“Independent budget offices… can play a really important role in ensuring that states are transparent around their budgets.”
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