Senate debates

Wednesday, 31 October 2012

Questions without Notice

Economy

2:33 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

I make two points: I have been advised that the study to which you refer is not a Treasury study and I have also been advised that this particular study considered week-to-week consumption and it did not look at durables, so obviously it took just one set of data. I also refer the senator to the 200,000 jobs that Treasury have said our stimulus avoided. We can argue about studies, we can argue about numbers, but what I would ask the Senate is this: which economy is projected to grow faster in this coming year than any other advanced economy? Which economy has an unemployment rate with a five in front of it? Which economy has seen hundreds of thousands of jobs created since the change of government? It is Australia. The only people who do not like those facts are the opposition.

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