House debates

Thursday, 19 March 2009

Questions without Notice

Economy

3:00 pm

Photo of Joe HockeyJoe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is to the Treasurer. I refer to the fact that the Australian government is now borrowing money from investors at up to 6½ per cent per annum, government guaranteed for four years. Treasurer, how can small businesses, or anyone else for that matter, borrow money when the government is offering such generous terms to lenders? Isn’t the government making a bad situation worse for anyone who wants to borrow money, because this government is borrowing money for a spending spree that increases the risk of a Rudd recession?

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