House debates

Thursday, 16 May 2013

Questions without Notice

Budget

2:40 pm

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

Exactly, and I have just said to you that we will not need to lift our debt limit this financial year or next financial year. I have made that point and that should be sufficient. But if he is very interested in this, he can go to the AOFM website and go through the material. They are regularly briefing the market about issuance. They are doing all of those things and that is where this is appropriately done.

But what is this all really about? What this is about is that they are just acutely embarrassed about the fact that this Labor government had the guts to come out and say that we would have to have a deficit this year to support jobs and growth. We have had the guts to say that because that is the responsible thing to do in our economy.

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