Time to remind Abbott that when he won govt we had triple AAAs from 3 agencies and low spending.........LEIGH SALES: But youve brought in the international comparison. Labors public social spending as a percentage of GDP is below the OECD average, its below New Zealand. Government debt in Australia as a percentage of GDP is also lower than virtually every other developed nation. When you look at the stats and the international comparisons, Australias spending and debt is certainly not excessive. TONY ABBOTT: Well, lets not forget that New Zealand doesnt have state governments and we do have state governments, and sure, the Commonwealth looks alright in isolation against New Zealand, but throw in state governments and Im afraid the situation is quite different. LEIGH SALES: But my point is internationally our levels of debt and our levels of spending are not excessive. abc.net.au/7.30/content/2013/s3744835.htm
Posted on: Thu, 05 Dec 2013 00:58:56 +0000
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