In early March 1995 the now Premier, the Hon. Bob Carr, issued the draft of a General Government Debt Elimination Bill 1995 which the then opposition leader said, in an accompanying press release, "would be introduced in the first session of Parliament after the March 25 elections." This briefing paper addresses the development of Government Borrowing to present day, and discusses considerations regarding acceptibility and reasons for borrowing with reference to New South Wales and at a federal level.
