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) (14:56): No. I completely reject that question that's been put. I would remind those opposite that inflation had a six in front of it when we came to government; it now has a three in front of it. It's been moderating. The highest quarter of inflation happened on your watch. The first interest rate increase happened on your watch. This is the budget and the economy that we inherited— Honourable senators interjecting— The PRESIDENT: Minister, please resume your seat. Order across the chamber, but particularly on my left. Minister Gallagher, please continue. Senator GALLAGHER: Again, Senator Davey uses the $300 billion figure. So you are not going to index the age pension, then? You see that as wasteful spending? You're not going to make sure that veterans get their compensation? You see that as wasteful spending? You're not going to index other payments and income supports? You know how big they are in the budget, so you go out and you try and incorrectly accuse us of allocating new spending in that area, when you know exactly what that means. If Mr Dutton uses that figure tomorrow night, we know that you are not going to index age pensions, and we will be making it clear to every age pensioner that you see that— Senator Birmingham interjecting— Senator GALLAGHER: Well, be accountable for the figures you use, Senator Birmingham. If you're going to use that figure, then it is clear that you do not support indexation of payments. Inflation is moderating. Real spending growth is half of what it was under your government. We have lower debt. Our interest on our debt is lower. We've had a surplus and we are shooting for a second. All of that shows exactly how responsible we've been with the budget and shown restraint but how we've also been able to find room for priorities. I know you don't support them all, but these are priorities that we believe are the right decisions for people's cost-of-living pressures right now and to put down the foundations for growth into the future. Senator McKenzie: Get the narrative right! The PRESIDENT: Senator McKenzie, I have constantly had to call you to order for the last hour. You are being incredibly disrespectful. I'm going to ask you, for the remaining two questions, to sit in silence. Senator Davey, first supplementary?