Jim Chalmers (Rankin, Australian Labor Party, Treasurer) Share this | Hansard source

The opposition has a lot of nerve asking this government about debt. This government has worked very hard for 3½ years to get the Liberal debt down by $176 billion. Debt in the last year is $176 billion lower than we inherited from those opposite, and that will save the people of Australia $60 billion in interest costs. They've got a lot of nerve. When we came to office, they had debt as a share of GDP at nearly 45 per cent. We've got it down to 37 per cent. And when it comes to the trillion dollars of debt that they left us—

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