House debates

Tuesday, 20 October 2009

Questions without Notice

Economy

3:07 pm

Photo of Scott MorrisonScott Morrison (Cook, Liberal Party, Shadow Minister for Housing and Local Government) Share this | Hansard source

My question is to the Treasurer. I refer the Treasurer to the recent statement by the Reserve Bank governor:

… the downside risks to which the Board was responding earlier have not materialised.

Given that this is the case and that the Reserve Bank is now increasing interest rates, why are the government continuing to pursue their record spending, which will only put further pressure on interest rates, especially for the more than 200,000 Australians they have just convinced to buy a new home?

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