“Australia has faced a series of defining challenges over the past three years.
Fires, floods, pandemic, global recession, plague of mice, war in Europe, economic coercion from China.
They have all been hard on our families, our businesses, our jobs, our farmers, our children.
But in the face of these challenges, Australia and Australians have shown what we can overcome together.
According to forecasts, unemployment would reach 15%, but it is now only 4%, the lowest level in 48 years.
Our economic stimulus measures have saved about 700,000 jobs.
Australia is one of the few countries to maintain a AAA credit rating, a global standard for economic management.
We achieved the biggest fiscal turnaround in 70 years with our plan delivering an additional $100 billion to the nation’s bottom line.
Our economic growth is one of the best in the developed world – faster and stronger than that of the US, UK, Canada, France, Germany, Italy and Japan.
On almost any measure – death rate, vaccine rate, economic growth, job growth or debt levels – Australia’s recovery is leading the world.
But I know that our country continues to face very real challenges and that many families are struggling.
There are still many uncertainties ahead.
To build a stronger future, our government has set out a clear plan.
Create more jobs and work at an unemployment rate below 4%. Our plan will create more jobs and the lowest unemployment rate in nearly 50 years.
Provide tax breaks for workers and small businesses. We’re cutting the tax you pay at the gas pump in half for six months. And our tax plan will put more money in the pockets of 10 million Australians in the weeks and months to come, in addition to our longer-term tax relief for anyone earning up to $200,000 a year. .
Invest in roads, railways, water infrastructure and renewable energy technologies. We have an infrastructure pipeline of over $120 billion that we are building, such as Western Sydney Airport, Melbourne Airport Rail Link, Inland Rail, Bruce Highway Upgrade and construction of the Hells Gates Dam in Queensland, METRONET in Perth, the North-South Corridor in South Africa, the Bridgewater Bridge in Tasmania and the Middle Arm marine infrastructure in the Northern Territories.
Make record investments in health and other essential services. Our plan means we have record bundled billing rates, made telehealth permanent and includes listing more than 2,800 medicines on the Pharmaceutical Benefits Scheme to make medicines more affordable for more Australians.
Invest in strengthening defence, security and borders. Lock in new partnerships like AUKUS to build the best submarines in the world, develop long-range hypersonic missiles, and triple the size of our offensive and defensive cyber forces. Restart the QUAD with the United States, India and Japan to bring more security, stability and peace to our region.
This election offers a clear choice, with real consequences for Australia.
Our government is not perfect. But we were frank. You know what we stand for, you can see our delivery history and you can see our plan for the future.
Our economy has a lot of moving parts and a lot of risk. But also, many opportunities.
Anthony Albanese and Labor have no economic plan. They would weaken our economy and jeopardize our recovery.
Mr. Albanese has never held a financial portfolio. He never held a national security portfolio. He never presented a budget.
Labor has a record of higher taxes. Albanese advocated for higher pension, housing, family and estate taxes.
Labor makes promises, but they can’t say how they will pay for them. This means two things: higher deficits and higher taxes.
Workers can’t handle money that’s why they come after yours.
Now is not the time to risk it.
Only liberals and nationals have a plan for a strong economy and a stronger future.