CANBERRA, ACT, Feb. 4 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: interest rates, NDIS growth, energy prices
Tom Elliott:
Joining us on the line, earlier than promised, which is welcome news, the federal Treasurer, Jim Chalmers. Good morning.
Jim Chalmers:
Good morning, Tom, how are you?
Elliott:
Good. So, at least 6 articles I've read this morning say that very high federal government spending, now approaching 27percent of the economy, or GDP, is largely to blame for yesterday's rate rise. Is this true?
Chalmers:
It's not, Tom. There's a lot of commentary and there's a range of views amongst economists, but for the clearest indication of what's happening in our economy have a look at the statemen...