More recently, his Liberal government has pumped billions of taxpayer dollars into new projects off the Atlantic coast.
The government has already pumped $2.8 billion into the bank since rescuing it from imminent collapse during South Korea's economic crisis four years ago.
That is because governments would pump taxpayer money directly into the fund.
In response to this and the success of expert systems, both industry and government pumped money back into the field.
The loss is equal to about 90 percent of the emergency funds the government pumped into the bank earlier this year.
The Gulf state's government pumped $57bn into it, helping it to end last year at $329bn.
In 2002, the federal government pumped more than $78 billion of general revenue into Medicare, accounting for about 30 percent of the program's spending.
First, the government is pumping a lot of cash into obsolescent industries.
The government has been pumping money into the project for years, with no results.
Successive governments have pumped almost $5.58 billion into the company to keep it going.