Thetr

uestateof
t
heeconomyunder
t
heLiberal
s
Undert
heLi
ber
als,t
heeconomyi
snotwor
kingf
orwor
kingpeopl
e.
ScottMor
risonandt
heLi
ber
alst
ellAus
tral
ianst
heyhaveneverbeen
bett
eroff.
Buttheeconomicindicat
orst
hatmat
tert
oAus
tral
iansar
eheadi
ngi
n
thewrongdirect
ion.
Ever
ythi
ngi
sgoi
ngupexceptwages.
Economicgrowt
hisslowing,l
ivi
ngs
tandar
dshaves
tagnat
ed,andt
he
costofl
ivi
ngkeepsr
ising.
Peopl earefindingithar
dert
ogetahead.Househol
dsaresavi
ngl ess
andf amili
esarefor
cedtodipfur
theri
ntothei
rpocket
stopayf orthe
essential
s.
Underemploymenthashi
trecordhi
ghs,wi
th1
.8mi
ll
ionAus
tral
ians
l
ookingforajobormorewor k.
Grossdebtisnow atover$21,
000perper
son,whi
chhasal
mos
t
doubledundertheLiberal
s.
Thi
sist
het
ruest
ateoft
heeconomyundert
heLi
ber
als.
AndtheLiber
als’cut
sandchaosi
smaki
ngt
heeconomywor
sei
nst
ead
ofbet
ter
.
TheLiber
alshavespentsixyearscut
tingMedi
car
e,hospitalsand
school
swhiletryi
ngtogiveat axhandoutt
omultinat
ionalsandthe
banks.
Theyar
edi
vided,outoft
ouchandonl
yfort
het
opendoft
own.
Laborhasadi
ffer
entpl
an.
OurFairGoActi
onPl anfixesschool
sandhospi
tal
s,del
iver
sbigger
taxcut
sforworkers,andputsmoneybacki
ntothepocketsof
ever
ydayAust
rali
ans.
That
’sgoodf
ort
hewhol
eeconomy.
W e’
llpayforourplanbymaki
ngmul t
inat
ional
spaythei
rfai
rshareof
t
ax,closi
ngl oophol
esusedbythet
opendoft own,andnotgivi
ng
t
hebi gbanksat axcut.

Ourpl
anwi
lldeli
verafai
rgof
orallAust
ral
ians,
notjustthet
opendoftown.
 Thet
ruest
ateoft
heeconomyunder
theLi
ber
als

Undert
heLi
ber
als,l
ivi
ngstandar
dshave
stagnated

Undert
heLiberal
s,wagesgr
owt
hhas
hitr
ecordlows
Wagesgr
owt
h

Laboraver
age:3.
6% Li
ber
alaver
age:2.
2% Longt
erm aver
age:3.
2%
Sour
ce:ABSWagePr
iceI
ndex,Sept
ember201
8
Companypr
ofitsgrew si
xti
mesf ast
ert
han
wagesi
nt hepastyear

I
ncr
easei
nwagesandpr
ofit
sovert
hepas
tyear

Sour
ce:ABSWagePr
iceI
ndex,September2018andABSBusi
nes
sIndi
cat
ors,
September2018

Busi
nessi
nvest
menthasf
all
endespi
tehi
gher
pr
ofits

I
nves
tment(
Pri
vat
eNew Capi
talExpendi
tur
e)

Sour
ce:ABSPr
ivat
eNew Capi
talandExpect
edExpendi
tur
e
 Thet
ruest
ateoft
heeconomyunder
theLi
ber
als

Powerbi
ll
s,chil
dcarecost sandheal
th
i
nsur
ancehaveal lskyrocket
ed
undertheLiberals

Under
employmenthashi
trecor
dhi
ghs
undertheLi
beral
s
Numberofunder
empl
oyedper
sons

Sour
ce:ABSLabourFor
ceSur
vey,December201
8
Househol
ddebti
satr
ecor
dhi
ghs

Whi
let
her
ateofsavi
ngsi
sfal
li
ng

Househol
dsavi
ngsr
ati
o

Sour
ce:ABSNat
ionalAccount
s,Sept
ember201
8
 Thet
ruest
ateoft
heeconomyunder
theLi
ber
als

TheLi
ber
alshavedoublednetdebtt
o
recor
dhighs

$360bn

December201
8

Sour
ce:Aus
tral
ianGover
nmentGener
alGover
nmentSect
orMont
hlyFi
nanci
alSt
atement
s

Andgr ossdebthascr ashedt hr

ough
hal
f-a-
tri
ll
iondollar
sf orthefir stti
meinthe
nat
ion’shistory

Sour
ce:TheAus
tral
ianOfficeofFi
nanci
alManagement(
AOFM)
Pr
int
edandAuthorisedbyN Car
rol
l,ALP,
5/9SydneyAvenueBartonACT2600.