House debates
Thursday, 1 September 2016
Questions without Notice
Budget
2:08 pm
Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source
The task of budget repair, therefore, is a fundamental moral challenge. Our economy has proved strong and resilient. It has weathered many global shocks. But there are serious economic and global challenges ahead of us. The three ratings agencies have warned that walking away from budget repair will put serious pressure on our AAA credit rating, which will make the cost of every loan in Australia higher. Those ratings agencies have made that concern very clear: an obstructionist parliament will risk a further deterioration in the budget position and a slower return to balance.
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URL: https://www.openaustralia.org.au/debate/?id=2016-09-01.56.5
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Source:
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