Chalmers continues:

A vote for Peter Dutton is a vote for higher taxes, for no ongoing cost of living help, and for secret cuts to pay for his nuclear reactors. Now, every policy idea that he makes up on the run is only designed to distract from the fact that he doesn’t want to come clean on his secret cuts to pay for his nuclear reactors.

He says that the detail will come later, but we are now well into the election campaign, and Peter Dutton has still not come clean on his $600 billion in cuts that he needs in order to build these nuclear reactors which will push up electricity prices.

Now, today, he threatened cuts to school funding which was right from the DOGE play book. And we also know that he wants to Americanise Medicare as well, because when he was the Health Minister, he tried to gut and cut Medicare.

He said that the best predictor of future performance is past performance. When Peter Dutton was voted the worst ever Health Minister in our history, he tried to Americanise Medicare, and now we hear that he has in mind, cuts to education as well.

This is DOGE-ee Dutton, taking his cues and policies straight from the US in a way that will make Australians worse off.

And this Albanese Labor Government is getting inflation down, interest rates have started to come down, growth is rebounding solidly in the economy, unemployment is down, the debt is down as well. Real wages are growing in our economy.

So we are making welcome and progress in our economy together, but we know that there’s more work to do because the global environment is so uncertain, and people are still under pressure. That’s why our cost of living help as the centre piece of the budget is so important. It’s why it’s so important that we cut income taxes for every Australian taxpayer – not jack up taxes as Peter Dutton and Angus Taylor are proposing to do. Happy to take your questions.