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.
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.