If a Federal Treasurer can come out and say he will have a surplus of $1.5 billion in 12 months, then increase the Commonwealth debt from 250 > 300 billion $'s, you would have to be suspicious. This fellow will try any thing. But then whats new?
The reason he gave "we have had some advice to insulate the current debt".
In layman's terms, he is saying if my estimates are incorrect we will be broke.