Opened the debate
Sharma argued that the government presided over a significant decline in living standards, citing a 33 per cent increase in rough sleeping and widespread food insecurity. Sharma noted that inflation had surged to 3.2 per cent, driven by rising electricity, utility, and mortgage costs, forcing the Reserve Bank to hold interest rates steady. Sharma attributed these pressures to unsustainable government spending, which was growing at four times the rate of the economy and pushing gross government debt toward $1 trillion. Sharma claimed that this fiscal expansion fuelled inflation and prevented interest rate cuts, leaving mortgage holders paying substantially more than before the election.