Australia's $1 Trillion Government: State Debt to Hit $471 Billion as Interest Bill Soars

Australian governments are collectively spending close to $1 trillion a year and state debt alone is on track to grow by more than $114 billion in just three years, according to analysis in the Institute of Financial Professionals Australia Research Foundation's Tax Policy…

Australian governments are collectively spending close to $1 trillion a year and state debt alone is on track to grow by more than $114 billion in just three years, according to analysis in the Institute of Financial Professionals Australia Research Foundation's Tax Policy Journal 2026.