Debt Storm Brewing: Economists Warn Australia’s Budget on Shaky Ground

Economists caution against perpetual debt and stagnation for future generations without bold fiscal and economic reforms.
Debt Storm Brewing: Economists Warn Australia’s Budget on Shaky Ground
A father and daughter pass a store front in Melbourne, Australia, on Oct. 28, 2021. WILLIAM WEST/AFP via Getty Images
|Updated:
0:00

Australia’s fiscal trajectory has sparked warnings from an economist and think tank, who point to the widening deficit and lack of restraint around government spending.

While there were minor improvements for Australia’s financial position in the short term, the long-term forecasts reveal a troubling scenario of escalating debt and stagnant productivity.

Related Topics