$2 trillion of debt and climbing – Australia’s great big IOU is getting bigger
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Source: The Age
Published: 2026-08-20 04:55 UTC+10:00
Section: Politics / Federal
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Australia, Tax & Budget
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Snippet:
The nation’s governments will owe a combined $2 trillion by the end of the decade as the states and territories borrow at extraordinary rates that will force them to spend more of their budgets servicing their debts.
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