Pre ANZAC Day services held by Miranda and Caringbah RSL on Sunday was a wonderful way to begin ANZAC commemorations. I encourage all Australians to attend a local service tomorrow to commemorate the service and sacrifice of all Australians who have served and continue to serve our country with distinction and honour.
It's now been 1000 days since the last people smuggling boat reached Australia and more than three years since the last known death at sea at the hands of people smugglers - this Government is determined to make sure it stays that way.
Around 47 per cent of low-income rental households in our capital cities spend more than 30 per cent of their household income on housing costs.
Furthermore, since around 2007 private market rents have increased more than Commonwealth Rent Assistance. So despite 80 per cent of recipients receiving the maximum payment, 40 per cent still suffer rental stress.
Right here, right now, our Multinational Tax Avoidance rules are having an impact on everyday Australians. Just this week the Australian Taxation Office confirmed, that measures including our Multinational Tax Avoidance Legislation, which was opposed by the Labor Party, will enable us to claw back some $2.9 billion in additional tax liabilities this year.
We have companies all around the country who are benefitting from trade agreements – small and large. Exports are becoming a part of their business plan as a result of the Government’s focus on trade. It's more important than ever to keep our eyes firmly fixed on the benefits of trade and investment.
Since we were first elected in 2013 we have reduced the growth in expenditure from over 3.5 per cent left to us by the Labor Party to less than 2 per cent today. We’ve reduced the growth in debt by around two thirds since we came to office. We have not shied away and we’ll never shy away from the Budget repair task. It remains substantial.
In last year's Budget I said we needed to focus on jobs and growth. This year's Budget will continue this unapologetic focus. Lifting the living standards of hard-working Australians and their families, depends on jobs and growth. And jobs and growth are significant contributors to wealth.