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Transcript of doorstop by the Treasurer, the Hon John Dawkins MP



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NO.

TREASURER

PRESS RELEASE

EMBARGO

TRANSCRIPT OF DOORSTOP BY THE TREASURER, THE HON JOHN DAWKINS MP, AT THE CANBERRA AIRPORT - MONDAY 31 AUGUST 1992

JOURNALIST: Are you worried about the surge in imports?

DAWKINS: Well if that trend was to continue that would be concerning obviously, but these are one month's figures, we've seen a continuing strengths in the export side. The point about becoming a more international nation is that we export more, we import more, but obviously this sudden surge in July can't be maintained. We'll have to look more closely at what the elements of that are, but basically we should remember that it's just one month and those imports may come off again or at least slow down next month.

JOURNALIST: So there's some scope for some fine tuning on policy perhaps?

DAWKINS: No, I wasn't suggesting that. I was saying that we need to look more closely at the components of these imports. You will notice that a fair bit of it is in the machinery area, which would be consistent with business getting ready to invest. Of course the whole trend is consistent with an economy that's picking up.

JOURNALIST: Mr Dawkins has your view of a fortnight ago about interest rates changed at all?

DAWKINS: No, not at all

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