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

My question is to the Treasurer. I refer the Treasurer to his comment on radio's 2UE on budget night in 2011 that Australia's debt is 'tiny, very tiny' and to his economic note a month ago that stated Australia's debt is 'very low'. Given that Australia's gross debt is now almost $300 billion, does the Treasurer stand by his previous statements that Australia's debt is 'very tiny' and 'very low'?

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