In a little over 18 months, the Albanese government has helped engineer a historic budget turnaround. We know there’s more to do, but our budget is in much better nick thanks to our responsible economic management – that’s what this week’s mid-year economic update showed.

The update Finance Minister Katy Gallagher and I released this week proves that without the efforts of the Albanese government, we would have much higher debt, much bigger deficits and a much weaker overall budget position.