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Monday, 9 May 1994
Page: 422


Senator TIERNEY —I give notice that, on the next day of sitting, I shall move:

  That the Senate—

  (a)notes, with concern, the effect the Labor Government's economic incompetence is having on Australia's financial markets;

  (b)condemns the Keating Government for attempting to gloss over the substantial financing questions that are being raised by the White Paper on employment and growth and the forthcoming 1994-95 Budget;

  (c)calls on the Government to come clean on its economic growth forecasts and admit that the Government's forecast of 4.5 per cent is unrealistic, but necessary to prop up the dodgy budget figures;

  (d)notes that leading economic consultancies, Access Economics and Econtech have stated that economic growth will be no greater than 3.75 per cent; and

  (e)condemns the Labor Government for making promises of job creation, tax cuts and deficit management to the Australian public which they know they cannot deliver.