Dr CHALMERS (Rankin—Treasurer) (14:27): It was kind of you to refer to him as the deputy leader, Mr Speaker. Opposition members interjecting— Dr CHALMERS: Yes, for now it is. That's the point I was making. Honourable members interjecting— The SPEAKER: Order! I'm going to get the House to order, and I'll hear from the Deputy Leader of the Nationals. Mr Hogan: It's not a point of order, but I'm reminding you of your comments at the start of the week or yesterday when you said to ensure people are always treated with the highest standards of respect in this chamber. I would ask the Treasurer to reflect on that. Mr Pasin interjecting— The SPEAKER: The member for Barker, I'm just going to have you help the House by not interjecting. I want to hear the Leader of the House. Mr Burke: Under standing orders, somebody can't raise a point of order and then open with 'it's not a point of order' and then continue to go on. Honourable members interjecting— The SPEAKER: Can everyone please show some respect in this chamber. It is absolutely ridiculous. Everyone, realise where you are. The question was reflecting on the Treasurer. We dealt with that. It should never have been in the question in the first place. The Treasurer is just going to continue with his answer and refer to all members by their correct title. Dr CHALMERS: The opposition has a lot of nerve asking this government about debt. This government has worked very hard for 3½ years to get the Liberal debt down by $176 billion. Debt in the last year is $176 billion lower than we inherited from those opposite, and that will save the people of Australia $60 billion in interest costs. They've got a lot of nerve. When we came to office, they had debt as a share of GDP at nearly 45 per cent. We've got it down to 37 per cent. And when it comes to the trillion dollars of debt that they left us— Mr Ted O'Brien interjecting— The SPEAKER: Order! The Deputy Leader of the Opposition: we've dealt with disorderly behaviour, and I don't want to have to remove you, but I will if that sort of language continues. Dr CHALMERS: Under the last budget, the pre-election outlook of those opposite, in 2022, they had debt crossing the trillion-dollar threshold two years ago. And because of our efforts, because of our surpluses, our spending restraint—banking the upward revisions to revenue—we've been able to delay that by a couple of years and get peak gross debt to GDP down from 45 per cent to 37 per cent. We've got $176 billion less debt than those opposite had, and that's saving the Australian people in interest. So, the idea that we would take lectures on debt from those opposite is preposterous, after the mess they've left us and the efforts we have put in to cleaning up that mess. Now, I think the question from the member for Fairfax partly explains why, in all the commentary we've seen in recent days about the shambles over there, every long list of possible deputy leaders and shadow Treasurers, the member for Fairfax isn't on it. The member for Fairfax is the only person considered incapable of retaining his spot as the Deputy Leader of the Liberal Party. But he should take some comfort from the fact that the last guy who failed as shadow Treasurer now considers himself entitled to a promotion.