Senate debates

Wednesday, 15 May 2013

Questions without Notice


2:13 pm

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

Net debt begins to fall as a per cent of GDP from 2015-16 and will reach zero in 2021-22. In terms of CGS on issue, I would remind the senator that the value of CGS on issue in the budget papers, because of the accounting standards, is the market value. Commonwealth government securities on issue is the market value, and that is what is reflected in the budget papers.


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