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Tuesday, 26 May 2009
Page: 4272

Mr HOCKEY (3:14 PM) —My question is again to the Treasurer. I refer him to the page he just referred me to, where it says, ‘The budget is currently projected to return to surplus in 2015-16.’ Treasurer, in order to meet your own Prime Minister’s statement that net debt will be paid off by 2022, what will be the surpluses required each year, every year to pay off that debt?

Mr SWAN (Treasurer) —He is not known for great attention to detail. We have seen that time and time again. There is a very, very simple answer to this: you do not need eight years, Joe—you do not need eight years straight of two per cent surpluses.

The SPEAKER —Order! The Treasurer will refer to members by their titles.

Mr SWAN —I look forward to seeing your accurate figuring.