Senate debates

Thursday, 28 February 2013

Questions without Notice

Budget

2:06 pm

Photo of Stephen ConroyStephen Conroy (Victoria, Australian Labor Party, Minister for Broadband, Communications and the Digital Economy) Share this | Hansard source

The Prime Minister will be able to talk to the people of Western Sydney about: an inflation rate of 2.2 per cent, well below the 10-year average of 2.8 per cent; a low cash rate, sitting at three per cent, lower than at any time under the last Liberal government; and an interest rate and a cash rate which are at a lower level than they were at any time under those opposite, who claim the mantle of economic rectitude falsely. We have very low debt. Net debt, as a percentage of the GDP, has peaked at one-tenth of the level across major advanced countries. (Time expired)

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