Senate debates Questions without Notice

Economy


Nick Sherry

Nick Sherry Tasmania, Australian Labor Party, Assistant Treasurer

2:00 pm

I was just going on to point out, Mr President, that in terms of state debts, and territory debts I assume you are talking about as well, the Commonwealth is not responsible for the level of debt. That is a matter for state and territory governments. Because of the world economic and financial crisis, the Commonwealth, with the support of—

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