House debates

Monday, 23 February 2009

Questions without Notice

Economy

3:28 pm

Photo of Wayne SwanWayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

The head honcho up the back. We indicated in the Updated Economic and Fiscal Outlook that we would be having a temporary deficit and that we would be increasing borrowings through the issuance of government securities. The proportion of that will depend upon conditions in the market at the time, and that will change over time. The Treasury have been out there in recent weeks issuing securities, raising money. The proportions that they have raised from overseas or domestically will change per issuance, and that will continue. So it is not possible to give you the exact figure right now, today.

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