House debates

Wednesday, 10 May 2006

Questions without Notice

Budget 2006-07

2:04 pm

Photo of Wayne SwanWayne Swan (Lilley, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

My question is also to the Treasurer. Is it a fact that the budget is forecasting that the current account deficit will increase by $6 billion to $62 billion by the end of next financial year and push foreign debt beyond its current level of half a trillion dollars? Won’t this, as the Treasurer warned with cold anger in 1995, put ‘pressure on interest rates, on home buyers, on businesses, on those who have credit card bills, on those who are trying to pay off their cars and mortgages’?

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