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

This is something of which the country can be proud, Senator Abetz, of which the nation can be proud. We have come through a very volatile period of the global economy in a very good position. In terms of our public finances, Australia's net debt position peaks at about 9.2 per cent of GDP. The equivalent position for the United States is 83.7 per cent.