The most worrying aspect of rising Australian debt is that most of it is coming from offshore.
Domestic borrowing is fairly benign, but an increase in international liabilities suggests the country is living beyond its means. Has been for a while.
4 Replies to “Australia: Rising foreign debt”
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And the Left says that all is well and I add > that ends well and this is not going to end well.
And the right says let’s go to war and sell public assests to our mates! Left and right are such relative terms as to be meaningless currently.
Note on the graph 2 debt spikes roughly around the tech wreck ( libs in charge) and GFC ( labor in charge). Current spike looks ominous – hope our leadership looks at the RBA graph pack occasionally.
I agree. The problem is not the Left or Right but the entire political system which offers the wrong incentives and is too easily rorted. Direct democracy is the answer.