At 32 per cent of GDP, Australia ranks well below Germany, UK, US and Japan in the debt league.
Why it mattersHigher interest rates on refinanced loans will cost taxpayers more, especially if governments keep spending rather than cutting deficits.
Free. Be genuinely informed in 5 minutes a day. No signup, no noise.
Get the free app, read the whole feed
InSnip turns the day's news into short, source-backed snippets with a plain why it matters line. The signal, not the scroll.