Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

I was asked by the shadow Treasurer about foreign debt. Foreign debt back in 1995, according to Peter Costello on radio 5AN on 10 October 1995, was a terrible thing and it was $10,000 per head for every Australian. In September 2007, as Peter Costello left office, foreign debt was $589 billion or $29,450 per Australian. That is actually what has happened to foreign debt, which is what I was asked about by the shadow Treasurer. So that is the answer to your question.

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