Kevin Rudd (Griffith, Australian Labor Party, Prime Minister) Share this | Hansard source

I thank the honourable member for his question. Gross public debt peaks, as I advised the House yesterday, at around $300 billion, which is 21.7 per cent of GDP. When it rises in aggregate terms to $315 billion, that is 21.4 per cent of GDP. As I advised the House yesterday, therefore, ‘peaking’ is at 21.7 per cent of GDP, which is around $300 billion.

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