House debates Questions without Notice

Foreign Debt

Thursday, 11 May 2006 House of Representatives

Peter Costello

Peter Costello Higgins, Liberal Party, Treasurer

2:14 pm

As a result of the efforts of this government, the Australian government has no net debt. We have repaid $96 billion of Labor debt. What that means is that all foreign debt in this country is borrowed by the private sector—every single last dollar. More than that—

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