House debates Questions without Notice

Budget

Monday, 1 June 2009 House of Representatives

Malcolm Turnbull

Malcolm Turnbull Wentworth, Liberal Party, Leader of the Opposition

2:17 pm

My question is addressed to the Prime Minister. I refer the Prime Minister to the finance minister’s recent statement on Lateline in which he said:

… there is a limit to any organisation, even the Federal Government with a very strong balance sheet, as to how far it can go into debt.

The Prime Minister has committed to $315 billion in debt. Will he guarantee that that is the absolute upper limit of debt? If it is not, what is the limit on the Ruddcard?

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