Senate debates

Tuesday, 8 May 2018

Questions without Notice

Economy

2:00 pm

Photo of Kristina KeneallyKristina Keneally (NSW, Australian Labor Party) Share this | Hansard source

My question is to Senator Fifield, the Minister representing the Minister for Finance. Under the Turnbull government gross debt has increased to a record half-a-trillion dollars, net debt has doubled and net debt as a proportion of the economy is growing more rapidly than almost every other advanced economy. Can the minister confirm that under the Turnbull government net debt is twice as much as it was when the Liberal-National government was elected on a platform of reducing debt?

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