House debates Questions without Notice

Budget

Wednesday, 11 May 2011 House of Representatives

Wayne Swan

Wayne Swan Lilley, Australian Labor Party, Treasurer

2:46 pm

I am more than happy to answer the same question that was asked before, again. The fact is this: the government has in place the fastest fiscal consolidation on record, which is 3.8 per cent of GDP over two years. We have put in place very substantial savings. I have also referred to the fact that, last Friday, the Reserve Bank in its statement of monetary policy pointed to just how tight fiscal policy in Australia is. So any suggestion that, somehow, our fiscal policy—

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