Original article by David Uren
The Australian – Page: 1 & 4 : 19-Apr-18
Data from the International Monetary Fund shows that the combined debt of Australian governments is expected to peak at 41.7 per cent of GDP in 2018, compared with just 16.7 per cent in 2009. Japan and Spain are the only major advanced countries to have recorded faster growth in government debt over the last decade. However, the IMF has forecast that Australia’s gross debt will fall to 32.2 per cent over the next five years. Meanwhile, nearly $A60bn worth of Australian government debt is due to mature in the next two years, which is equivalent to 3.1 per cent of GDP.
INTERNATIONAL MONETARY FUND, AUSTRALIA. DEPT OF THE TREASURY, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. FUTURE FUND MANAGEMENT AGENCY