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

My question is to the Treasurer. If the government is so concerned about the level of foreign debt, why is two-thirds of its $300 billion of debt being borrowed from overseas?

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

They have run out of questions. I got this question a couple of days ago—it is unbelievable—and the answer has not changed: two-thirds of securities issued by the Commonwealth, as was the case under the previous government and as is the case under this government, are issued overseas.