Debt explodes under the Abbott government
From the web page of STEPHEN KOUKOULAS:-
"As at last Friday, 28 August 2015, gross government debt was $384.7 billion - the highest level ever recorded. This represents an increase of $111 billion from the level inherited by the Abbott government in September 2013. It is just as well Treasurer Joe Hockey scrapped the debt ceiling legislation early in the Abbott government's term because he would now be having to introduce legislation to have the ceiling raised beyond $400 billion, a figure that will be exceeded before year end."
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