Senate debates

Thursday, 16 May 2024

Questions without Notice

Budget

2:06 pm

Photo of Jane HumeJane Hume (Victoria, Liberal Party, Shadow Minister for the Public Service) Share this | Hansard source

Paul Bloxham, the chief economist at HSBC, said of this government's budget:

We expect some of this additional income will be spent, supporting consumer demand and adding to inflation.

Stephen Halmarick, of CBA, said:

The risk is now more real the first interest rate cut could be delayed …

Do you disagree, Minister, with independent economists of every stripe that have said that your budget is simply going to mean that interest rates stay higher for longer?

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