Senate debates

Tuesday, 28 March 2023

Bills

National Reconstruction Fund Corporation Bill 2023; In Committee

5:55 pm

Photo of Don FarrellDon Farrell (SA, Australian Labor Party, Minister for Trade and Tourism) Share this | Hansard source

I thank Senator Hume for her question. Much of the current inflationary pressure is caused by global factors, including the supply chain restraints and, of course, the terrible war between Russia and Ukraine. Investments of the corporation will build capability, resilience and productivity in Australian manufacturing, improving the supply side of the economy and helping to place downward pressure on inflation, so I think we would suggest the opposite of what you were suggesting. Further, corporation investments will be phased over time and avoid adding to the current demand pressure.

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