Australia’s debt hits $1 trillion this year - what did we spend it on?
- Posted on April 17, 2026
- By The Sydney Morning Herald
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- 1 min read
Australia’s debt hits $1 trillion this year - what did we spend it on?
Jim Chalmers’ fifth budget will confirm that Australia owes the world $1 trillion. Within two years, we will be spending more on interest than on the nation’s hospitals.
