Senate debates

Wednesday, 27 February 2013

Questions without Notice

Reserve Bank of Australia

2:40 pm

Photo of Mitch FifieldMitch Fifield (Victoria, Liberal Party, Manager of Opposition Business in the Senate) Share this | Hansard source

I ask a supplementary question. In evidence to the House economics committee last Friday, Governor Stevens said:

My preference was—and this was expressed, that—I would like to retain the whole 1,096…to build up the Reserve Bank Reserve Fund. But he did not agree with that…

Why should the Australian people put greater faith in the judgement of a Treasurer who never has and never will deliver a budget surplus rather than the independent governor of the Reserve Bank of Australia?

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