Peter Whish-Wilson (Tasmania, Australian Greens) Share this | Hansard source

I thank Senator Cormann for his answer. I think there is a reason some of the most respected economic commentators in this country are calling for some action. In his outgoing speech, Reserve Bank Governor Glenn Stevens said:

… we are living in a world in which the ability of monetary policy alone to boost growth sustainably is very likely to be a good deal more limited than we might wish.

He then made the case for government to borrow for the right infrastructure assets. Can Senator Cormann please outline to the chamber what your plans are to borrow at record low interest rates and invest in more productive infrastructure in this country?