Government funding costs rise by billions - The Australian Financial Review
4/18/2022 12:00:00 AM3 yearsago
by Cecile Lefort
by Cecile Lefort
As bond rates rise, the sovereign’s lofty interest bill is climbing, albeit manageably, as markets in hawk mode push up the cost of fiscal management.
According to the budget papers, interest paid will jump to $26.3 billion by June 2026, the last projection provided in the forward estimates. That figure is $17.1 billion currently, and increases inc… [+2457 chars]
full article...