Unemployment has been reduced from 16% down to under 5%. Our debt to GDP ratio has fallen dramatically from 100% of GDP down to 33% of GDP. These are real benefits which allow more people to share in a growing economy, while more revenue goes to fund sensible income policies and future investment. The strategic decisions taken by Government in recent years, as well as those taken in this year's budget, mean that we are well placed to benefit from an improvement in the major economies, provided that we continue to steer a prudent and far-sighted course. Senators will agree that to do otherwise would be to repeat the failed policies of the past.