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Legislative Assembly for the ACT: 2013 Week 7 Hansard (15 May) . . Page.. 2031..


depending on the size of that mortgage, would be somewhere between $30 and $120 a month better off as a result of that most recent interest rate reduction.

Mr Coe interjecting—

MR BARR: They would be between $30 and $120 a month better off, depending on the size of their mortgage, as a result of recent reductions in interest rates.

Mr Coe interjecting—

MR BARR: They could be. It would depend on the size of someone's mortgage.

Mr Coe interjecting—

MADAM SPEAKER: Mr Coe!

MR BARR: I am giving some examples, depending on the size of the particular mortgage. It could be more; it could be less.

Mr Coe interjecting—

MADAM SPEAKER: Mr Coe, I think you have made the point.

MR BARR: The things that amuse Mr Coe, Madam Speaker. Anyway, as I was saying, the government will assess the wide variety of economic indicators. We also note, of course, the potential for a significant reduction in water prices.

MADAM SPEAKER: A supplementary question, Mr Coe.

MR COE: Treasurer, to what extent will your assessment of building approval trends impact on future ACT government revenues from land sales and property taxes?

MR BARR: If current trends continue and we remain above the five-yearly average then one would presume you could continue to factor in the five-yearly average or thereabouts into revenue projections.

MADAM SPEAKER: Supplementary question, Mr Coe.

MR COE: Treasurer, what savings will you be implementing to counter the impact of falling building approvals on government revenues in order to meet your stated fiscal strategy to return the budget to surplus in 2015-16?

MR BARR: The Deputy Leader of the Opposition can wait until budget day to see that.

Federal government—budget

MS PORTER: My question is to the Treasurer. Could the Treasurer outline how the federal budget will impact on the ACT economy?


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