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) (14:12): I thank Senator Colbeck for the question. Whilst those opposite raise concerns about the level of inflation and spending that are occurring now in the economy, I would like to remind them that in the March budget before the election in 2022 the coalition spent $40 billion when inflation was about to reach a peak of 6.1 per cent. Whilst we've seen inflation moderate, we've found savings, we've got the budget in better shape, we've reduced debt so that we've saved the Australian taxpayers $80 billion in interest payments and we've turned significant Liberal differences into Labor surpluses. When we have supported additional spending, it's been very modest as inflation moderates. In fact, in this last budget, I think the net spend was in the order of just over $11 billion, when inflation is half of what we inherited. We've been finding savings, paying down debt, turning deficits into surpluses, finding savings and reprioritising across the budget— The PRESIDENT: Minister, please resume your seat. Senator Colbeck on a point of order. Senator Colbeck: On direct relevance, the question was 'what was the projected spending rate growth prior to the 2022 election, and what is the projected spending rate now after three Labor budgets'. We've had— The PRESIDENT: Thank you, Senator Colbeck. There's no need for debate. I will remind the senator of that part of your question. Senator GALLAGHER: I was putting the context around it, which is that those opposite seem very concerned about spending now. They didn't have the same concern when inflation was much higher and they were trying to win an election, where they tried to shovel out $40 billion worth of additional spending at a time when they knew inflation was a massive problem. That is what happened. When I look at the statistics of the spending, if we look at the percentage of GDP, it is much lower. In 2022-23, you were spending at 27.2 per cent. In Labor's 2024-25 budget, it was 24.5 per cent. (Time expired) Senator Hume: Spending growth. The PRESIDENT: Senator Colbeck, first supplementary?