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

In relation to the debt cap, it is not necessary to lift the debt cap. We anticipate significant headroom under the cap at the end of the 2013-14 financial year, and the numbers will be reviewed in the usual way again before the 2013-14—

Honourable senators interjecting—

As I was saying, the numbers will be reviewed again before the end of 2013-14 in the normal way in the next budget. I would also remind the Senate that Australia's AAA credit rating has been reaffirmed overnight by all three ratings agencies on the back of the government's budget. (Time expired)