pokies stimulus, page-85

"boffin at this point in time there is no debt so your question is meaningless.
As to future debt...who knows...it really depends on what the global economy does."

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Mr. Johnson gave a speech in Sydney last week called, "Australian Government Debt in a Changed Financial World." In that speech he said, "If we were to continue our current pattern of bond issuance at the rate of $1 - 1.4 billion per week, this would provide $48 -$ 67 billion over the course of 2009." He then showed a chart to prove it.

http://www.dailyreckoning.com.au/australia-to-borrow-as-much-as-300-billion/2009/04/27/