Cormann describes Labor’s policies as akin to communist East Germany, page-66

The other fact that ALP cheersquad members don't like posting, is that despite that spending, the budget was balanced and nett Commonwealth debt was less than zero - gross assets were more than gross debt.

So there you go.

This is the lesson that Labor cannot learn. It doesn't matter how much you spend. It is how much you save that is important.

And Labor cannot save even 1 cent.