Joe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is to the Treasurer. I refer him to his own budget papers—Budget Paper No. 1, page 9-4. It indicates the government is borrowing now at least $300 billion in this budget cycle at a rate of $3 billion a week. I ask the Treasurer: what is the average interest rate Australian taxpayers will have to pay over the life of this debt?

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