CREDIT RATING

The Hon. I.F. EVANS (Davenport) (14:48): My question is again to the Treasurer. Was former treasurer Foley right when he said in 2010 that losing the AAA credit rating would 'really send our state spiralling down into an abyss of debt', given at the time the state debt was just $4.5 billion and now the state debt is budgeted to reach over $13 billion?

The Hon. J.J. SNELLING (Playford—Treasurer, Minister for Workers Rehabilitation, Minister for Defence Industries, Minister for Veterans' Affairs) (14:49): Well, obviously I don't agree with those statements and certainly don't agree with them applying to the situation today.