House debates

Tuesday, 16 June 2009

Questions without Notice

Economy

2:21 pm

Photo of Steven CioboSteven Ciobo (Moncrieff, Liberal Party, Shadow Minister for Small Business, Independent Contractors, Tourism and the Arts) Share this | Hansard source

My question is to the Treasurer. I refer the Treasurer to the Reserve Bank minutes released today which contain the statement:

Many businesses were facing higher risk margins when loan facilities were rolled over or renegotiated, and many had experienced a significant tightening in the terms under which credit was available.

Why are our government guaranteed banks making debt so much more expensive and difficult for small- and medium-sized enterprises?

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