Senate debates Questions without Notice

Interest Rates


Helen Coonan

Helen Coonan NSW, Liberal Party, Shadow Minister for Finance, Competition Policy and Deregulation

2:00 pm

Mr President, I have a further supplementary question. Is it not true that the recent interest rate rises were just the first rise in what will be many interest rate rises forced upon all Australians by Labor’s massive $315 billion debt binge, and how much in total will Australian taxpayers now have to pay in interest from now until 2022 to pay off the government’s massive $315 billion debt in addition to the recent interest rate hit on Australian household mortgages?

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