Dr CHALMERS (Rankin—Treasurer) (14:27): Thanks to the member for Werriwa for her question. Inflation is the defining challenge in our economy, and it was the defining influence on the budget that we handed down this week. The backdrop for that budget was obviously the slowing global economy, a war in Europe and structural spending pressures on the budget. That's why the three parts of the budget strategy were so important and so right for the times that we confront together. First of all, the cost-of-living relief was provided in a way that was responsible and not reckless, because it didn't add extra pressure on inflation. Secondly, we're investing in the drivers of growth and resilience in our economy and beginning to repair some of our broken supply chains. And then, thirdly, we're starting the hard work of repairing the budget so that we can rebuild our buffers against some of the global uncertainty that we confront. The spending restraint and budget responsibility that we saw in Tuesday night's budget would have been absolutely unrecognisable to those opposite. And let me give you two examples of that. In our budget on Tuesday night, we had $22 billion worth of savings—not a bad start. Mr Taylor interjecting— The SPEAKER: The member for Hume is on a general warning. Dr CHALMERS: The budget in March delivered from this dispatch box by my predecessor had precisely $0 in savings on the spending side of the budget—$22 billion on Tuesday, $0 in March. And then on Tuesday night we banked 99 per cent of the temporary revenue surge that we got from higher commodity prices. In the budget in March, they banked 40 per cent—so 99 per cent versus 40 per cent. No wonder they don't have enough to show for their trillion in debt. We're told today that the Leader of the Opposition, in his speech tonight about the appropriations, wants to talk about the government's economic record. He takes very seriously his responsibility as the leader of the leftovers! In doing so, he has a rolled-gold opportunity tonight to fess up for the coalition record on the economy. Let's consider it for a moment. Their record on the economy is skills shortages holding the economy back. It's stagnant wages for a decade. It's weak productivity and business investment. It's an aged-care crisis. It's a trillion dollars in debt, with nowhere near enough to show for it. And it's this energy policy chaos which is making us more vulnerable to global energy shocks. What we're seeing in our energy markets right now—the blame for that rests squarely with Vladimir Putin. But the blame for making us more vulnerable to it rests with the member for Hume. Opposition members interjecting— Mr Pasin interjecting— Mr Rick Wilson interjecting— The SPEAKER: Members on my left! The members for Barker and O'Connor are on a warning.