OZschwitz: Federal government debt surges past half-a-trillion dollars
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RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
Subject: OZschwitz: Federal government debt surges past half-a-trillion dollars Tue Jun 13, 2017 9:40 pm
The Turnbull government will break through the country's former debt ceiling this week, breaching the $500 billion mark as it doubles the credit card bill it inherited from Labor.
On Tuesday, gross Commonwealth debt reached more than $499 billion, after growing by more than $2 billion since Friday and $9 billion since early May.