Question Time AU

Matter of Public Importance

Budget

Senate · Wednesday 26 March 2025

Official Hansard for this day (APH) · Read this debate on OpenAustralia

At a glance

Senators debated the government's fourth budget, with opposition members criticising rising debt, housing supply failures, and environmental policy rollbacks. Government senators defended the budget's record on jobs, wages, and cost-of-living relief, while highlighting opposition policy inconsistencies. One Nation proposed an amendment to index tax thresholds to inflation. The debate concluded without a vote, as is standard for Matters of Public Importance.

Outcome

No vote was taken on the matter.

Summary in reported speech - not a transcript. AI-generated, so check the official record before quoting.

How the debate unfolded

Opened the debate

Smith argued that the budget prioritised election politics over long-term economic stability, citing gross debt surpassing $1 trillion and the abandonment of the ten-year plan to return the budget to balance. Smith claimed that pre-election decisions worsened the bottom line by $34.9 billion, while discretionary spending added $112 billion, funded by high commodity prices and income taxes rather than fiscal discipline. Smith warned that federal spending reaching 27 per cent of GDP left the economy vulnerable to shocks, asserting there was no insurance policy for Australian families or small businesses if commodity prices collapsed.