The Australian Government Actuary estimated that 14.7 percent of new student debt incurred in 2019–20 would never be paid. In 2020–21, this increased to 15.1 percent and in 2021–22 it was 11 ...

Government debt will soar past $1 trillion next financial year and continue to grow across the forward estimates, despite the Federal Government talking up the gains it has made in reducing budget ...

The Australian government plans to borrow more than indicated in the 2024/25 financial year, its debt arm said on Wednesday, after it announced several cost-of-living relief measures in the ...

International Business News: The Australian government has announced the 2025-26 federal budget, emphasizing cost-of-living relief, tax cuts, and support for households, students, ...

Debt ballooned largely due to the enormous handouts to corporations coordinated by the state and federal governments. Additional credit downgrades would hike the Victorian government’s annual ...