Eric Abetz (Tasmania, Liberal Party, Minister for Employment) Share this | Hansard source

What is unfair is when a government on its way out makes these hoax promises in a desperate bid to get re-elected, knowing full well that their promises at the time and into the future would all be funded by ongoing and extended borrowings. Indeed, Senator Bilyk and her government had us on a trajectory to $667,000 million worth of debt, which would have translated into an interest bill of literally thousands of millions of dollars per month just to pay the interest on the loans. Just imagine—$1,000 million, just one month's interest payment, could have built a brand-new teaching hospital in Hobart, our home state. Your profligacy has denied us that opportunity. (Time expired)