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Thursday, 19 November 1959

Mr Whitlam m asked the Treasurer, upon notice -

What debt charges were paid by the Commonwealth and each State in 1938-39, 1948-49 and 1958-59?

Mr Harold Holt - The answers to the honorable member's questions are as follows: -

Debt charges (interest and National Debt Sinking Fund contributions by the Commonwealth and the States) are shown in the following table. The interest component used for each State relates to interest liability, as figures for interestactually paid are not available. Calculations of interest liability are based on the debt outstanding at the commencement of each year, and include estimated figures for exchange on interest liability in respect of overseas debt.


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