Please delete wrote on Aug 19
th, 2010 at 9:44am:
"Net debt for the Australian Government general government sector is estimated to be $80.6 billion (or 5.7 per cent of GDP) in 2010-11, which is broadly consistent with the forecast in the 2010-11 Budget and the Economic Statement."
http://www.treasury.gov.au/documents/1858/HTML/docshell.asp?URL=01_Overview.htm
Add to this a smaller deficit in 2011/12, then surplus in 2012/13, I guess it all adds up.
Ernie,
You have no doubt heard the phrase, "lies, damned lies & statistics".
However, that should have read, Lies, Damned Lies, Statistics & Government Statistics.
Then, there are Facts & Political Spin, which morph back & forth, depending on whether you happen to be in power or in opposition!
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