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

My question is to the Treasurer. I refer to the budget papers which state that taxpayers are now guaranteeing over $650 billion in bank deposits, $104 billion in bank wholesale funding and even $10 billion to the International Monetary Fund. Given that taxpayers are also now guaranteeing up to $150 billion in state and territory borrowing, $26 billion in Ruddbank debt, up to $43 billion in the National Broadband Network, as well as, we discover today, up to $60 billion in further infrastructure, I ask the Treasurer: will he confirm that Australian taxpayers now have over $1 trillion of risk on debt that did not exist at the time of the election of the Rudd government?

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