House debates

Tuesday, 16 June 2009

Questions without Notice

Economy

2:01 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Leader of the Opposition) Share this | Hansard source

My question is addressed to the Prime Minister. I refer to the fact that under the Rudd government Australia’s net public debt is expected to increase as a percentage of GDP by approximately 12 per cent, from negative four per cent in 2007-08 to eight per cent in 2010-11. Can the Prime Minister confirm that this dramatic increase in Australia’s debt as a percentage of GDP is greater than the rise projected by the IMF in 11 of the other 18 G20 member countries, including Argentina, Brazil, Canada, China, Germany, Indonesia, Korea, Mexico, Russia, Saudi Arabia and South Africa?

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