Australia Faces ‘Steep’ Debt Rise Without Budget Cuts, OECD Says
Australia’s national debt will “rise rapidly” over coming years unless the Labor government is prepared to overhaul a sclerotic tax system to boost revenue or cut spending to reflect its...
By James Mayger · Bloomberg Markets
Australia’s national debt will “rise rapidly” over coming years unless the Labor government is prepared to overhaul a sclerotic tax system to boost revenue or cut spending to reflect its more constrained means, the Organization for Economic Co-operation and Development said.