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Tuesday, 11 September 1973
Page: 732

Mr SINCLAIR (NEW ENGLAND, NEW SOUTH WALES) - In view of the successive economic measures of a penal nature imposed against the private sector of the economy, some of which - including the announcement at the weekend of the increase in interest rates - are going to be grossly inflationary in their impact on young home buyers, does the Prime Minister still accept that the public sector should go entirely unrestrained? Does he still see the necessity for the implementation of all of that broad range of policies which he advocated in his policy speech? Does he accept that the consequences of the implementation of those policies are grossly inflationary at the present time?

Mr WHITLAM - I believe that very many forms of expenditures in the public sector are inflationary and should be curtailed. It was for this reason that one of the early acts that the Government took was to appoint the Coombs task force to spring-clean the inherited inflationary expenditures of the Australian Government. As is known, a great number of the suggestions made by the Coombs task force were applied in the Budget.

I would only hope that the State governments, many of whose expenditures are the most inflationary in Australia, would have a similar spring cleaning.

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