Stephen Conroy (Victoria, Australian Labor Party, Deputy Leader of the Government in the Senate) Share this | Hansard source

Net interest payments are forecast to be $1.5 billion, or 0.1 per cent, in 2009-10; $4.7 billion, or 0.4 per cent, in 2010-11; $6 billion, or 0.5 per cent of GDP, in 2011-12; and $7.6 billion, or 0.6 per cent of GDP, in 2012-13. For all the oohs and aahs coming from the other side of the chamber, the undeniable fact is that Standard and Poor’s today exposed the hypocrisy, exposed the con job and exposed the fraud, and nobody better demonstrated that this morning than the shadow Treasurer. Show us your $25 billion worth of cuts on Thursday. You claim you are going to borrow less. You claim you are going to spend less on interest-free payments. Well, show us some— (Time expired)