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SUBJECTS: Infrastructure investment; free trade; Ausgrid; Labor protectionism; voting preference deals; budget repair; iron ore prices.

E&OE…

HAIDI LUN:

The Prime Minister joins us exclusively here on set at Bloomberg.

Prime Minister it’s a pleasure to have you on.

PRIME MINISTER:

Great to be with you.

HAIDI LUN:

I want to start by talking about investing in Australia’s future economy.

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Because the Reserve Bank and the IMF have called on the Government to borrow more ‘good debt’ essentially, to invest in infrastructure. But there’s been a real reluctance. I understand you want to keep that AAA rating, but –

PRIME MINISTER:

There actually isn’t a reluctance to invest in economic infrastructure, and we are doing so.

We have a massive infrastructure program, $50 billion.

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That’s not including, of course, the National Broadband Network. We are focused now on investing more. You know when governments talk a