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Andrew Bragg I rise to make a contribution in relation to the Appropriation Bill (No. 3) 2025-2026, Appropriation Bill (No. 4) 2025-2026 and Appropriation (Parliamentary Departments) Bill (No. 2) 2025-2026. The main point to make is that the nation's finances are no longer within the control of the government. We are now looking at a situation of an almost $40 billion deficit this year and a well over $100 billion deficit over the forward estimates. The reality is that public finances in Australia are completely broken. They're completely broken because the government has decided that it wants to spend at beyond pandemic levels on an ongoing basis—at 27 per cent of GDP—and, as a result, it has needed to find new tax revenues. The other point to make is that the government has completely debased the integrity of public finances with its commitment to significant off-budget funding. When you look at the overall position of the Commonwealth government, we can talk about the deficit, we can talk about the structural deficit, we can talk about the spending and we can talk about the overreliance on a small number—a shrinking number—of Australians for the tax base. But I think one of the biggest problems is this issue of integrity. This government has sought to provide all sorts of different boondoggle funds, like the Future Made in Australia fund, the housing fund, the rewiring fund and the reconstruction fund—I'm still not sure what we're reconstructing from—but all of these funds are off budget. None of them come into the main picture when the Treasurer hands down the budget. It's a pretty sad state of affairs when, at one level, you look at the budget deficit and you think, that's a pretty bad position—$40 billion this year, $100 billion over the forwards, at least, and we're approaching $1 trillion in debt. The budget itself, even in the way the government presents it, is extremely sick. But then, when you build all of the off-budget items into the picture, you realis

Senate, 2026-03-26. negative: ayes 5, noes 40.

Question

Andrew Bragg I rise to make a contribution in relation to the Appropriation Bill (No. 3) 2025-2026, Appropriation Bill (No. 4) 2025-2026 and Appropriation (Parliamentary Departments) Bill (No. 2) 2025-2026. The main point to make is that the nation's finances are no longer within the control of the government. We are now looking at a situation of an almost $40 billion deficit this year and a well over $100 billion deficit over the forward estimates. The reality is that public finances in Australia are completely broken. They're completely broken because the government has decided that it wants to spend at beyond pandemic levels on an ongoing basis—at 27 per cent of GDP—and, as a result, it has needed to find new tax revenues. The other point to make is that the government has completely debased the integrity of public finances with its commitment to significant off-budget funding. When you look at the overall position of the Commonwealth government, we can talk about the deficit, we can talk about the structural deficit, we can talk about the spending and we can talk about the overreliance on a small number—a shrinking number—of Australians for the tax base. But I think one of the biggest problems is this issue of integrity. This government has sought to provide all sorts of different boondoggle funds, like the Future Made in Australia fund, the housing fund, the rewiring fund and the reconstruction fund—I'm still not sure what we're reconstructing from—but all of these funds are off budget. None of them come into the main picture when the Treasurer hands down the budget. It's a pretty sad state of affairs when, at one level, you look at the budget deficit and you think, that's a pretty bad position—$40 billion this year, $100 billion over the forwards, at least, and we're approaching $1 trillion in debt. The budget itself, even in the way the government presents it, is extremely sick. But then, when you build all of the off-budget items into the picture, you realis

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