Federal and state governments careen off debt cliff
Australia is heading into a steep debt‑refinancing cliff that will impact both federal and state governments. Federal gross debt surpassed $1 trillion (33% of GDP) in August and is projected to reach $1.25 trillion by 2030 due to persistent deficits. As reported by Michael Read at The AFR, $165 billion of ultra‑cheap COVID‑era federal debt will roll over The post Federal and state governments…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
