Senator WONG (South Australia—Minister for Finance and Deregulation) (14:28): Senator Joyce really does the opposition no credit when it comes to their economic credibility, and given the looks on the faces of the coalition front bench, I think people would agree with me on that side, because when Senator Joyce stands up a couple of those over there who might have some inkling about these issues just drop their heads. This is the man who seeks high office as a minister, should the coalition win government. The PRESIDENT: Senator Wong, come to the answer. Senator WONG: In relation to the government's debt position, I make two points: the first is that net debt, as a percentage of GDP was 10 per cent in 2011-12. That is around one-tenth the level of the major advanced economies. Under this government we see this nation with a AAA credit rating with a stable outlook from all three international credit-rating agencies. But Senator Joyce wants to come in here and say that he knows more than everyone else in the markets and everyone else in the rating agencies. Senator Joyce: Mr President, I rise on a point of order on relevance. Why has the government borrowed more money during the last six months than at the height of the global financial crisis? Senator Conroy interjecting— Senator Joyce: Would the Leader of the Government in the Senate stop interjecting—otherwise can we put the other bloke back? The PRESIDENT: There is no point of order. The minister is answering the question. The minister has 47 seconds remaining. Senator WONG: Senator Sinodinos is leaving the chamber. He cannot wait for your third question, Senator—or even your second question. Gross debt as a percentage of GDP is 18.4 per cent in 2011-12 and 2012-13. I take from that question an acknowledgement, which is an unusual one from the opposition, that there was in fact a global financial crisis. The opposition opposed the government's stimulus package, opposed the action that saved 200,000 jobs. One thing we know from that decision and from so many others is that it is the people on this side of the chamber who care about Australian jobs; it is the Labor Party who care about jobs, not those opposite. (Time expired)