Mr ALBANESE (Grayndler—Prime Minister) (14:09): Well, he's replaced the shadow Treasurer, but the Treasurer still can't get a question! Mr Sukkar interjecting— Mr ALBANESE: The Treasurer still can't get a question, but we do get the interjections from those opposite. Mr Sukkar interjecting— The SPEAKER: The member for Deakin has asked his question. Mr ALBANESE: The economic circumstances that we inherited were: the largest deficit since the Second World War and $1 trillion of debt with little to show for it, sluggish economic growth and productivity sliding backwards. The highest quarterly rise in inflation this century was on their watch—2.1 per cent. And of course, interest rates started rising on their watch. Mr Sukkar interjecting— The SPEAKER: The member for Deakin will cease interjecting. Mr ALBANESE: And what they did as a result of that, when you had the highest inflation growth of any quarter of this century, and interest rates beginning to rise—their response—was to hand out a budget that just splashed money everywhere and made the fiscal situation worse. Indeed, they put forward a budget that projected a $78 billion deficit, and what we did was turn that around. We turned that around so that the projection is for a $4 billion surplus and we did that while we have the strongest jobs growth in the first year of any new government in Australian history—465,000 new jobs created. For the first time, more than 14 million Australians have a job. If you compare Australia's economic performance, GDP growth, at 2.3 per cent is higher than all G7 countries. Our participation rate is higher than all G7 countries. Our employment growth is higher than all G7 countries, and we are the only ones with a surplus. I understand that those opposite wouldn't recognise it, having produced record deficits, having presided over the first recession in Australia in 30 years. Mr Brian Mitchell interjecting— The SPEAKER: If the member for Lyons continues with that behaviour, you will be warned. I give the call to the member for Holt.