Australian Budget Outcome 2021-22, Debt Slightly Lower Than March Forecast

Australia, government budget result for 2021-22 shows gross debt of A$895.3 billion

  • $10.7 billion lower than March 2022-23 budget estimate

Net debt of $515.6 billion

  • $114.8 billion less than the March 2022-23 budget estimate

Rising interest rates will weigh heavily on next year’s budget.


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