House debates

Wednesday, 9 August 2006

Questions without Notice

Interest Rates

2:21 pm

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

My question is to the Prime Minister. Is the Prime Minister aware that official Reserve Bank figures show that an average of seven per cent of household income was consumed by interest repayments under the life of the Hawke-Keating government? Is the Prime Minister further aware that the same figures show that an average of 7.9 per cent of household income is consumed by interest payments under the current life of the Howard government? Prime Minister, is it the case that a greater proportion of household income is consumed by interest repayments under your government than under the Hawke-Keating government?

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