Joe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is to the Treasurer. I refer the Treasurer to his answer yesterday that the government needs to increase the debt limit to $300 billion to manage the 'in-year financing challenge' of the existing debt of $224 billion. Treasurer, why can't the government use existing legislation such as the Loan (Temporary Revenue Deficits) Act 1953 to deal with this matter instead of increasing the debt limit to a record $300 billion?

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