House debates Bills
Commonwealth Inscribed Stock Amendment Bill 2013; Consideration in Detail
Alex Hawke Mitchell, Liberal Party
7:35 pm
We do not know when, but it is forecast to be quite soon. We will go past 400 billion dollars. The principal argument that we are having here is about a buffer. The Labor Party is pretending that there is no need for a buffer—fully in defiance of the advice from Treasury and the advice that the government has received. A buffer is essential. A buffer must be given to a government, because we don't know the state of the world economy and we don't know how the situation will change—a buffer is necessary. We already know it is going to be $430 billion. The advice is, a buffer must be there for the government to do—
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