Mr HOCKEY (North Sydney) (14:25): My question is to the Treasurer. I refer the Treasurer to his claim in the House yesterday that gross debt will 'peak' at $356 billion. Given that page 9-7 of his own Budget paper No. 1 reveals the market value of gross debt will actually peak at $370 billion—$14 billion more—how can the Treasurer be taken seriously when he does not even know the simple facts about Labor's debt?