Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

At least he has finally admitted that he is quoting market value, which is not the value of the securities on issue from the Australian government. It is not the value. It is the face value that counts when it comes to the debt cap. And, of course, these matters are handled by the AOFM and you can go to their website any time you like and have a look at the face value of securities issued by the Australian government. Now they have decided that the face value is very important, but it was not a figure that was ever published by those opposite when they were in power. We publish because of the Charter of Budget Honesty, and because of all of the requirements of the ABS we publish the market value. But to pretend that there is some issue, if you like, with the face value issuance of our government securities is just part of their fear campaign.

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