Senate debates

Tuesday, 5 February 2013

Questions without Notice

Economy

2:35 pm

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

I remind the senator of a number of facts which those opposite dislike. This economy is 13 per cent larger than when the government was elected.

Senator Brandis interjecting—

If you look at the United Kingdom—and I know Senator Brandis always looks to mother England for his inspiration—their economy is smaller. We are 13 per cent larger and their economy is smaller than prior to the global financial crisis. We are, as I said, one of only eight economies in the world with a AAA credit rating with a stable outlook from all three major rating agencies.

The stimulus package that this government implemented saved 200,000 Australian jobs—200,000 families were not put on the unemployment queues, as those opposite would have. There is one party in the chamber that cares about jobs and it is the Australian Labor Party. It is most certainly not those opposite. (Time expired)

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