Tony Abbott (Warringah, Liberal Party, Prime Minister) Share this | Hansard source

This is an important question from the member for Pearce and I thank him for it. The sad truth is that Labor's debt is costing this Commonwealth $1 billion every single month just to pay the interest on the borrowings. In 10 years time, had members opposite continued in government, it would not have been $1 billion a month it would have been $3 billion a month in dead money, spent in interest repayments on the borrowings.

Mr Albanese interjecting—

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