Kevin Rudd (Griffith, Australian Labor Party, Prime Minister) Share this | Hansard source

The member for North Sydney obviously has not read the released minutes of the Reserve Bank. Let me just continue reading from the minutes, for the benefit of the member for North Sydney. Let me just read this through to you. These points have been made previously by the Governor of the Reserve Bank; he has made clear that his comments were not in reference to Australia. He goes on to say:

Having said that, the size of the build-up in government debt in some of the major economies will surely become much more of a constraint on their fiscal room for manoeuvre over the next decade.

See this speech in context