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The Australian government has been running budget deficits since the GFC, meaning its had to issue debt to finance the shortfall.
- The total value of outstanding Australian government bonds is expected to peak at $558 billion in 2027-28, some $126 billion lower compared to estimates offered just six months ago.
- ANZ Bank expects a stronger fiscal position should help support prices for longer-dated Australian government debt.
The Australian government has been running budget deficits since the GFC, and is expected to do so until the 2019/20 fiscal year.
As such, its been had to borrow to make up the budget shortfall by issuing government debt.
The chart below from ANZ Bank shows…
Read the full article at: https://www.businessinsider.com.au/the-growth-in-australian-government-debt-since-the-gfc-in-one-chart-2018-5