Senate debates

Wednesday, 9 May 2012

Questions without Notice

Budget

2:42 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

I know Senator Joyce likes to talk about gross debt a lot. I remind him, and I am sure as an accountant he would know this, that in household terms focusing on gross debt only is like looking at the size of your mortgage without looking at whatever money you have in the bank. He does not like the net debt position but that is why net debt—

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