Q: There are warnings today against both major parties spending big and off Budget. Do you acknowledge that your election spend-a-thon would be part of the problem, potentially risking Australia’s credit rating if were to win power?

Dutton:

I think the contrast you’ve seen between the way in which Labor’s managed the Budget and the way we manage it is chalk and cheese*. A Liberal Coalition government will always manage the Budget more effectively. We’ve put in place supports which don’t have recurrent spend year after year, locking that spend in. We’re providing support here and now to provide immediate relief to Australians. That’s why the 25 cent a litre cut in fuel is important. It’s why the $1,200 tax rebate back to Australians – who are working harder than ever under this government to repay their bills – is important as well. We’ll always manage the economy more effectively and Labor will always spend more. When you do, that you drive up inflation which will drive up interest rates and interest rates will always be cheaper under a Coalition government.

This is a stupid debate, but Labor had two surpluses. The support the Coalition did want to lock in – stage three tax cuts – would have locked in massive tax cuts for the richest 10% of Australian earners.