Explainer

Billion-dollar debts mightn't be as bad as they sound

Steve Evans
December 16 2020 - 12:30am
The Reserve Bank might find it hard to lower rates further. Picture: Shutterstock
The Reserve Bank might find it hard to lower rates further. Picture: Shutterstock

The numbers seem astronomical. The federal government is on course to be in debt to the tune of a trillion dollars next year.

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Steve Evans

Steve Evans

Reporter

Steve Evans is a reporter on The Canberra Times. He's been a BBC correspondent in New York, London, Berlin and Seoul and the sole reporter/photographer/paper deliverer on The Glen Innes Examiner in country New South Wales. "All the jobs have been fascinating - and so it continues."

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