Tony Abbott (Warringah, Liberal Party, Prime Minister) Share this | Hansard source

which had given us the sixth biggest deficits in history, deficits stretching out as far as the eye can see and debts peaking at $670 billion. As a result of Labor's budget mess, the Commonwealth is currently borrowing $1 billion every single month. We are borrowing $1 billion every single month just to pay the interest on Labor's debt. That is dead money.

Think what we could do if we were not paying $1 billion every single month just to cover the interest on Labor's debt. Within a year we could fully fund the upgrade of the Bruce Highway. Within two months we could fully fund the Toowoomba range crossing. Within three months we could pay for the Western Sydney infrastructure package. Within six months we could fund the duplication of the Pacific Highway. In over 12 months we could fund the East West Link in Melbourne. In one month we could fund the north-south road in Adelaide. In a month we could fund the Gateway Motorway upgrade in Brisbane. In just two weeks we could fund the Midland Highway project in Tasmania. In less than a week we could fund the Commonwealth Games on the Gold Coast. In less than a month we could fund the Perth Gateway and in another month we could more than fund the Swan Valley bypass.

Mr Albanese interjecting—

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