Post-COVID debt explosion a major challenge for all states, bar one
Every Australian state except Western Australia faces significant budget challenges due to skyrocketing debt, projected to exceed $1 trillion by 2030. Tasmania is expected to see its debt rise by 357 percent, while Victoria's debt will soar by 427 percent. State governments may need to make difficult trade-offs to manage rising interest costs amidst stagnant revenues.
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Published 28 Jun 2026, 19:31 UTC · Updated 28 Jun 2026, 19:40 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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