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Monday, 25 May 2009
Page: 4068

Mr TURNBULL (2:37 PM) —My question is to the Prime Minister. I ask the Prime Minister in what year will the government debt he is creating reach its maximum and how long will it take to pay it off?

Mr RUDD (Prime Minister) —As the honourable member will be aware, the gross debt figure which he referred to before peaks in 2013-14. As the honourable member would be aware, when we reach the end of the period 2019-20 you will see the net debt figure reduce to 3.7 per cent of GDP.