Senate debates

Thursday, 18 June 2009

Guarantee of State and Territory Borrowing Appropriation Bill 2009

In Committee

12:04 pm

Photo of Barnaby JoyceBarnaby Joyce (Queensland, National Party) Share this | Hansard source

As a little old bush accountant, do we have any range, any sort of rough idea about what the debt is? Is it $100 billion, is it $150 billion, is it $200 billion? Do we have any sort of vague idea how much we are underwriting here? This is real money owed to real people, and they will really want it paid back if the states cannot pay it back.

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