Mr ALBANESE (Grayndler—Prime Minister) (14:01): Of course, I reject the premise of the question, in which the Leader of the Opposition has simply made up figures. What he said in April was this— Mr Taylor interjecting— The SPEAKER: The member for Hume will cease interjecting. Mr ALBANESE: On 5 April, the Leader of the Opposition said: And also the headwinds. I mean inflation is very high in the United States, and we have to be again realistic about what's happening economically over the coming years. On 3 May, he went on to say: … nobody wants to see interest rates go up, but it's a reality of a world where there's inflation. I think Australians understand that … … … … … there's a lot of pressure—upward pressure—on interest rates at the moment. The Shadow Treasurer said: 'We're facing circumstances in what's happening in the Ukraine and Russia that were not expected and very hard to predict. These pressures are driven by extenuating circumstances.' So they had a lot to say about the difficulties that Australia is facing due to the global impact, which is a global inflationary pressure that is seeing central banks around the world with the fastest and most consistent tightening of monetary policy that we have seen in many decades. What last night's responsible budget, handed down by the Treasurer, did was to have fiscal policy work in partnership with monetary policy, rather than against it. We make no apologies for the fact that we have brought in responsible measures, including responsible measures on the cost of living; cheaper child care—and those opposite aren't quite sure whether they're against or for that— Mr Burke: They never did it! Mr ALBANESE: cheaper medicine—which they never did either—with the first cut to the Pharmaceutical Benefits Scheme in 75 years since a Labor government introduced it; expanding paid parental leave to six months; making more affordable housing. We're working with the private sector, working with state and territory governments to deliver more affordable housing. And, importantly, we're getting wages moving again. People might remember during the election campaign me standing up day after day with a $1 coin, which is what we said the minimum wage should be increased by. Those opposite opposed it. They said it was reckless, said it was loose. Do you remember that? They said it was loose economic policy to argue that people on the minimum wage, the heroes of the pandemic, should get a pay increase of just $1 an hour. The Australian people judged you in May for the hypocrites and hopeless economic managers that you are, and you've learnt nothing in the days, weeks and months since.