Senate debates
Wednesday, 13 May 2009
Questions without Notice: Take Note of Answers
Budget
3:02 pm
David Bushby (Tasmania, Liberal Party) Share this | Hansard source
Yes, interest is a good point. Every year, the interest debt will require the payment of the equivalent of $500 for every man, woman and child. That works out at about $10 billion a year. There is a difference between net interest and total interest payments—and that needs to be on the record. What could you buy for an extra $10 billion a year? How many more schools, teachers, roads, hospitals or health staff could you actually afford if you did not have to pay $10 billion in interest?
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