Senate debates

Wednesday, 15 August 2012

Questions without Notice

Budget

2:13 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

I do not know how to explain it to Senator Joyce. I have given him the figures on gross and net debt. I have given them to him on previous occasions. It is true that there is obviously an issue about a stock of debt that he would be aware of. He is an accountant; I am sure he would understand the difference between stock and flow. But the relevant figures for the purposes of assessing the strength of Australia's public finances are gross and net debt positions, and I have outlined those. (Time expired)

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