If you increase government receipts by almost a trillion...

If you increase government receipts by almost a trillion dollars, sell assets, then it is a little easier to balance the budget.

So what did Costello do with the other $800 billion after the debt of $90 odd billion was covered?

Did Costello waste $800 billion or not?


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History of Government Securities on Issue,

1983 19.6% of GDP (Howard (Treasurer))
1996 20.8% of GDP (Keating)
2007 4.9% of GDP (Howard)
2012 15.9% of GDP (Gillard)

http://www.aofm.gov.au/content/_download/CGS_on_issue_11_12/Table_H14.pdf