Post-COVID debt explosion a major challenge for all states, bar one
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Source: The Age
Published: 2026-06-29 05:31 UTC+10:00
Section: Politics / Federal
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Tax & Budget
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Snippet:
Every state and territory government bar one will have to start cutting key services because of the size of the interest bill on their debt, which is growing twice as fast as federal debt and is on track to surpass $1 trillion by the turn of the decade.
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