Senator GALLAGHER (Australian Capital Territory—Minister for the Public Service, Minister for Finance, Minister for Women, Manager of Government Business in the Senate and Vice-President of the Executive Council) (14:11): I thank Senator Walsh for the question. The Albanese government's cost-of-living policies have been carefully calibrated and designed to take pressure off inflation rather than add to it. The centrepiece of our budget was a $14.6 billion cost-of-living package. Treasury estimates our policies to ease cost-of-living pressures are expected to directly reduce inflation by three quarters of a percentage point in 2023-24, and the Reserve Bank governor, Phil Lowe, also backed in our cost-of-living policies to deal with higher energy prices when he told Senate estimates in May: … the budget, largely through the electricity price package— which, I'll just remind you, you voted against— is taking pressure off inflation, and that's a first-order effect. Price pressures in our economy are still higher than we'd like, but the actions that the government is taking are making a meaningful difference to families around the country and being responsible with our budget at the same time. The PRESIDENT: Senator Walsh, your second supplementary?