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

In relation to the government's debt position, I make two points: the first is that net debt, as a percentage of GDP was 10 per cent in 2011-12. That is around one-tenth the level of the major advanced economies. Under this government we see this nation with a AAA credit rating with a stable outlook from all three international credit-rating agencies. But Senator Joyce wants to come in here and say that he knows more than everyone else in the markets and everyone else in the rating agencies.