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