BUDGET PAPERS

89 Mr HAMILTON-SMITH (Waite—Leader of the Opposition) (30 September 2008). With respect to the 2008-09 budget papers, what interest rate assumptions have been used in the papers over the forward estimate years?

The Hon. K.O. FOLEY (Port Adelaide—Deputy Premier, Treasurer, Minister for Industry and Trade, Minister for Federal/State Relations): I am advised that interest rate assumptions used in the 2008-09 Budget Papers are based on market interest rates applicable to the government's financial assets and financial liabilities at the time of the Budget.

The type and maturity profile of the government's financial assets and financial liabilities guides the individual interest rate assumption.