House debates Questions without Notice
Mid-Year Economic and Fiscal Outlook
Chris Bowen McMahon, Australian Labor Party, Shadow Treasurer
2:30 pm
My question is to the Treasurer. I refer the Treasurer to the most recent national accounts, which show corporate profits are growing at an annual rate of around nine per cent. Does the Treasurer stand by his decision to cut company profit growth projections in the Mid-Year Economic and Fiscal Outlook to 2¼ per cent, a rate which is less than a quarter of the established long-run average?
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