The fact that we have a headline debt servicing cost figure that's a bit disconnected from the bottom line and the net federal debt figure that we're all familiar with is a problem. It would make sense for that to be a great deal more simplified, so that people can make sure that we're comparing the right debt servicing cost to the right debt number.
As I said, what's been driving the divergence between them is that the government is doing so much through its balance sheet. There are expenses that never show up in the budget because they are loans, investments and advances, as they're called, and that is showing up in financial assets.
Parliamentarians do need to pay a lot of attention to what is in those financial assets, because if it turns out that they're not good investments, one day they may be written down, and then we would discover after the fact that those were things that ought to have been shown as budgetary expenses rather than loans.
