"...and when you are borrowing to pay wages thats not the sort of debt a state should be carrying. "
Net worth increased from 57 billion to around 170 billion in 10 years. That should tell you they were not borrowing to pay wages dan1.
"Cando had a mandate to pay off debt and get the AAA rating back."
Candopeopleoutofajob created a mandate by scaring people into believing the "scary" debt figures. As Clive said, the crooks cooked the books.
And einstein,
180,000 odd per hour interest payments and
280,000 odd per hour interest receipts.
That's why net debt was negative 5 billion in 2011/12
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