Joe Hockey North Sydney, Liberal Party, Shadow Treasurer
3:18 pm
My question is to the Treasurer. If the government is so concerned about the level of foreign debt, why is two-thirds of its $300 billion of debt being borrowed from overseas?
Wayne Swan Lilley, Australian Labor Party, Treasurer
They have run out of questions. I got this question a couple of days ago—it is unbelievable—and the answer has not changed: two-thirds of securities issued by the Commonwealth, as was the case under the previous government and as is the case under this government, are issued overseas.