Senate debates

Wednesday, 11 February 2009

Appropriation (Nation Building and Jobs) Bill (No. 1) 2008-2009; Appropriation (Nation Building and Jobs) Bill (No. 2) 2008-2009; Household Stimulus Package Bill 2009; Tax Bonus for Working Australians Bill 2009; Tax Bonus for Working Australians (Consequential Amendments) Bill 2009; Commonwealth Inscribed Stock Amendment Bill 2009

In Committee

5:02 pm

Photo of Barnaby JoyceBarnaby Joyce (Queensland, National Party) Share this | Hansard source

I want to go back to the interest expense. Because the rollout of the majority of this debt and this facility will be in the short term and the draw-down facility, as brought to light during the Senate inquiry, will be in the short term, do the government expect that the interest will be paid or is it their intention to capitalise the interest? If the interest is to be repaid, how do they expect that to be repaid from a reduced workforce? Is it their intention to tax the workforce more or to tax corporations more to make up the money? If that is not their intention then ipso facto their intention must be that they are going to capitalise the interest. Is that what they intend to do—capitalise the interest and buy more bonds for it?

Comments

No comments