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Federal debt passes grim $1 trillion milestone for the first time
The milestone puts pressure on the Albanese government to rein in the deficit or risk an even larger share of taxpayer revenue being swallowed by interest payments.
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theage.com.au
Government debt to hit $1 trillion today
Australia's debt will briefly tip over to a record $1 trillion today.
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afr.com
Australia’s $1 trillion debt milestone comes at a risky time
The federal government’s $1 trillion debt milestone comes at a risky time as interest rates on government debt hit multi-decade highs in global bond markets.
