House debates

Wednesday, 29 September 2010

Questions without Notice

Economy

2:59 pm

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

The red book doesn’t say that. If I could just quote the Governor of the Reserve Bank:

… the Australian government borrows in a global market. There are free global capital flows here and the long rate in Australia is driven more strongly by what happens in global markets than by what happens here …

It is a strong fiscal consolidation for the good of the economy by a government committed to very strong economic management.

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