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Tuesday, 17 February 1987
Page: 200

Dr HARRY EDWARDS —Mr Deputy Speaker, I wish to make a personal explanation.

Mr DEPUTY SPEAKER (Mr Keogh) —Does the honourable member claim to have been misrepresented?

Dr HARRY EDWARDS —Yes. I did not say, as the honourable member for Capricornia (Mr Wright) said I did, that all the increase in the gross debt from $30 billion to approaching $100 billion was borrowed by the Hawke Government. Who actually does the borrowing which finances the balance of payments deficit largely resulting from the Hawke Government policies-whether State governments, private entrepreneurs for takeovers, or whatever-is not the issue. It has to be borrowed one way or another, and the dreadful legacy for our children is the same.