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

Yes, let's hose him down. I said:

Debt as a percentage of GDP which would have been 120 per cent under the policies of the former government is about 60 per cent under the policies of this Government—

those that it has already implemented. I went on to say:

Now, that's too high. We want to get it in a much, much better situation than that. We'd like over time to achieve this green line—

that is the green line here, which shows that we fix debt and deficit for a generation

but a ratio of debt to GDP at about 50 or 60 per cent is a pretty good result looking around the world, 120 per cent is a dire result and that's what we were going to have under the policies of the former government.

So that is the truth. What did the Leader of the Opposition say? He said, 'We have brought the budget back to surplus.'

Mr Conroy interjecting—

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