Liberal Party of Australia
ADDRESS TO THE AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY
Delivering more jobs and a stronger budget
One year ago our nation was in lockdown.
We were staring into the economic abyss.
1.3 million Australians had been stood down or had lost their jobs.
At the time, Treasury feared the unemployment rate could reach 15 per cent with over two million out of work.
However, we were entering this crisis from a position of economic strength.
The unemployment rate was 5.1 per cent.
Workforce participation was close to a record high.
Welfare dependency at a 30 year low.
We had returned the Budget to balance for the first time in 11 years.