Original article by Matthew Cranston
The Australian – Page: 1 & 4 : 3-Dec-25

Official data shows that total borrowing by governments across Australia topped $42bn in the September quarter, which is about 40 per cent higher year-on-year. Meanwhile, the OECD has warned that the federal and state governments will require "fiscal discipline and consolidation" in order to stabilise public debt at about current levels. The Paris-based organisation adds that this fiscal discipline will most likely be needed beyond the current decade, as governments are facing spending pressures linked to factors such as the nation’s ageing population, defence and the transition to net-zero emissions. The OECD has upgraded its GDP growth forecast for Australia in 2026 from 2.2 per cent to 2.3 per cent.

CORPORATES
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT