Australian states face soaring interest costs
Australians face soaring interest repayments on government debt due to a combination of growing debt loads and rising interest rates. As a result, the Parliamentary Budget Office (PBO) forecasts that interest costs will rise from 4.1% of government revenue in 2024-25 to 6.2% in 2029-30: The PBO has forecast that the combined debt of the The post Australian states face soaring interest costs…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
