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Chalmers wipes more than $500b off nation’s debt – in four decades’ time

The report says gross debt will be about a quarter of GDP in 2062-63, with spending and deficit forecasts also lower than in 2023.

Summary by PressNewsAgency
September 16, 2026 — 10:30pmSaveYou have reached your maximum number of saved items.Remove items from your saved list to add more.AAAHundreds of billions of debt that would weigh on future taxpayers is likely to be avoided, a long-term forecast on the state of the federal budget will reveal, even as the government faces growing spending…

5 Articles

Sydney Morning HeraldSydney Morning Herald
+4 Reposted by 4 other sources
Lean Left

Chalmers wipes more than $500b off nation’s debt – in four decades’ time

Long-term forecasts on the state of the nation’s budget are good news – for future taxpayers. But soaring interest rates now are going to cause pain.

·North Sydney, Australia
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Sydney Morning Herald broke the news in North Sydney, Australia on Wednesday, September 16, 2026.
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