Australia Faces ‘Steep’ Debt Rise Without Budget Cuts, OECD Says
Market Intelligence Analysis
AI-PoweredThe OECD warns that Australia's national debt will increase significantly unless the government implements budget cuts or overhauls the tax system to boost revenue.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
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.
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