The Crest of the Commonwealth of Australia Treasury Portfolio Ministers
Picture of David Bradbury

David Bradbury

Assistant Treasurer, Minister Assisting for Financial Services & Superannuation and Minister for Competition Policy & Consumer Affairs

5 March 2012 - 18 September 2013

Media Release of 06/02/2013

NO.007

Coalition sensitive over high-spending record

Joe Hockey has once again exposed the Coalition's glass jaw over their high-spending record in Government.

Mr Hockey may try and spin it, but even the International Monetary Fund confirmed the high-spending record of the Howard Government.

The proof for families of the Howard Government's high spending was 10 interest rate increases in a row.

Contrast that with the Gillard Government, which will have the lowest sustained spending over the forward estimates in more than 30 years.

Under the Gillard Government's tight fiscal discipline, interest rates are lower than at any time under the Liberals and families are now paying around $5,000 less in mortgage repayments each year.

6 February 2013