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State finances are sick, and the situation is getting worse

Australia’s eastern states are facing a massive rise in their debt burdens, as the following chart from Alex Joiner at IFM Investors illustrates: As a result, ratings agency Moody’s in July forecast that interest payments on state debt would climb by 2030, owing to rising debt loads alongside higher global bond yields: However, the outlook The post State finances are sick, and the situation is…

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