House debates

Tuesday, 12 May 2020

Questions without Notice

Economy

2:28 pm

Photo of Jim ChalmersJim Chalmers (Rankin, Australian Labor Party, Shadow Treasurer) Share this | | Hansard source

My question is for the Treasurer. In what year will Australia's gross debt start to decline?

Photo of Josh FrydenbergJosh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | | Hansard source

The member for Rankin wants us to announce forecasts tonight that we would normally do on budget night. The reality is there's great uncertainty in the economic environment and therefore when it comes to forecasts about debt and forecasts about unemployment, we make those on budget night. What we have done today is provide a ministerial statement to the House with new numbers for the member for Rankin around business investment, around dwelling investment and around consumption. The member for Rankin was out this morning, asking for a statement with numbers and facts and figures. It was all there for him. The reality is: it's a very difficult economic time and a very uncertain economic time.