House debates

Monday, 16 June 2008

Questions without Notice

Budget

2:26 pm

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

Those opposite want to blow a $22 billion hole in the surplus, and nothing could be more guaranteed to put upward pressure on inflation and interest rates. Consumer confidence was mentioned before. Eight interest rate rises in three years were delivered courtesy of those opposite—10 in total under the previous government. They went on a reckless spending spree and put upward pressure on inflation and interest rates. D-day has arrived for the opposition.

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