Senate debates

Wednesday, 9 May 2012

Questions without Notice

Budget

2:09 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

Thank you, Mr President. I will return to the answer I was giving. The first reason for the change to the debt cap is the timing mismatch and the second is the rollover of maturing bond lines. Senator Bushby may be one of the few senators on that side who would understand this, because he has made the effort to ask the Australian Office of Financial Management questions during Senate estimates—and I give him credit for that—certainly more than Senator Cormann or Senator Abetz ever has. If they had they might not come into this place and behave so recklessly on such an important issue.

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