Mr FRYDENBERG (Kooyong—The Treasurer) (14:09): I thank the member for Rankin for that dixer. The reality is that our budget performance is always and has always been better than yours. The reality is that tomorrow, when we release the final budget outcome, it will show an improvement on what was forecast not only in the 2018-19 budget but also in April this year in the 2019-20 budget. The reason why our economy is strong and the reason why our budget is coming back into surplus is that more people are in jobs. We now have a record number of Australians who are in work. More than 1.4 million new jobs have been created, and the participation rate is at a record high. The member for Rankin raises the issue of the terms of trade and iron ore prices. Let me remind the House that when Labor was last in office iron ore prices were over $180 a tonne, more than double what they are today. You know what? They still couldn't deliver a surplus, because, as the Prime Minister says, they can't manage money. And when you can't manage money you come after the people's money.