Presenting… the most tone deaf politician comment of the year! PVO unleashes as Katy Gallagher says Labor deserves credit for its ‘hard work’ as inflation soars sky high

Finance Minister Katy Gallagher said Australians should acknowledge Labor’s work over the past four years, as households face rising prices and a fifth interest rate rise this year. The article argues that the request was poorly timed and criticises her defence of government spending during the inflation crisis.

Gallagher said government spending was not setting prices, while the article contends that public spending can add to demand and contribute to inflation. It cites Reserve Bank Governor Michele Bullock’s comments on total public and private demand, notes spending is at a 40-year high outside the pandemic, and says Gallagher has not committed to making greater savings than new spending in the December Budget update.