Senator GALLAGHER (Australian Capital Territory—Minister for Finance, Minister for the Public Service, Minister for Women, Minister for Government Services and Manager of Government Business in the Senate) (15:03): The decision was half an hour ago, so it is good to see a nimble opposition getting the question. Well, I disagree with the economist you cited. I think I would say to households that inflation is much lower than what we inherited. It had a six in front of it and was rising. It is now half of that. I would say we have created 1.1 million jobs. We have got inflation down. We have got debt down. We have got real wages going for the first time, which makes a difference, of course, to living standards, which Australians did not receive when you were in government. Unemployment is low, and interest rates have been cut three times. But I certainly understand that— Senator Hume: They've done it 12 times. Senator Ruston interjecting— The PRESIDENT: Order! Senator Hume and Senator Ruston. Senator GALLAGHER: That is not the point I am making, Senator Ruston. You can interject that, but that is not the point I am making. I would also suggest that it might benefit those opposite to read the statement for the monetary policy decision by the Monetary Policy Board which has been released alongside that today. In that statement, it goes to a number of different pressures, including uncertainty around international developments, and that that the bank is taking a cautious approach. That is my reading of their statement. We will continue to work to get inflation down. We will make sure that we will keep unemployment low, that the economy continues to grow and that we are seeing good growth across the private sector, having resumed its rightful place as a key driver of growth across the economy. The PRESIDENT: Senator Paterson, first supplementary?