David Bushby (Tasmania, Liberal Party) Share this | Hansard source

but he has to factor in the additional spending by the government, which they are going to keep on doing, and as a result we now have a warning that interest rates are likely to rise. This has to be the ultimate irony, and it comes at the expense of Australian taxpayers, homebuyers and small businesses.

Let me restate the situation: in the next few months, we may be looking at the RBA increasing interest rates, at great cost to Australian homebuyers and small businesses, to directly counter the actions of the government trying to stimulate the economy by borrowing and spending. The losers in all this are Australian taxpayers and homebuyers, our small businesses—