You're talking about the deficit, not the debt. You can hardly read what I wrote... | Hacker News

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		AnthonyMouse on Oct 26, 2012 \| parent \| context \| favorite \| on: The yuan is displacing the dollar as a key currenc... You're talking about the deficit, not the debt. You can hardly read what I wrote as saying that no major country has ever run a budget surplus for a year or two. Australia continues to have some AU$200+B in outstanding treasury securities. (http://www.aofm.gov.au/content/borrowing/commonwealth/Monthl...)

meric on Oct 27, 2012 [–]

It's debt.

"Table 3: Australian Government general government sector net debt and net interest payments(a)"

Net debt in 2008 was -16 billion dollars.

The 200 billion debt was made since 2009.

I stand corrected though, it was -1.3% of GDP worth of net debt, not -0.1%; you were right I read the wrong column.

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