Government debt
Opinion
Opinion
‘Money illusion’: America’s Faustian Pact with runaway debt is coming due
The putative accord between the White House and Congress does not even try to address the larger threat to the world’s largest economy. Sacred entitlements remain untouchable.
- by Ambrose Evans-Pritchard
Latest
Opinion
US Congress
The US will pay a heavy price for its damaging game of chicken
The US appears likely to narrowly escape a financial catastrophe with a debt ceiling deal, but the outcome does not justify the havoc that has been caused.
- by Stephen Bartholomeusz
Analysis
Victorian budget
Budget dreaming: Is the road out of debt a forecast or a fable?
In its darker moments, the Andrews government might turn to Budget Paper No. 2 for solace, but are its forecasts of decreasing debt just wishful economic thinking?
- by Josh Gordon
‘Borrowing to build’: Daniel Andrews fires up over Victoria’s growing debt
The state has the largest debt of 17 similar states around the world. But the premier says quality of life would be “fundamentally compromised” if government spending were slashed.
- by Broede Carmody
There are 17 states like Victoria around the world. None has more debt
Leading economists and credit agencies say while Treasurer Tim Pallas took steps in the budget to begin repairing the state’s finances, Victoria’s debt burden will not “decline meaningfully” soon.
- by Sumeyya Ilanbey
Local investors confident US can avoid debt ceiling ‘Armageddon’
Market fears over the United States debt ceiling saga appear to be fading amid signs politicians are edging towards a deal.
- by Clancy Yeates
Exclusive
Victorian budget
Victorians slapped with COVID debt repayment bill
The Andrews government will detail a $31.5 billion “COVID-19 Debt Repayment Plan” as part of Tuesday’s state budget, to repay emergency funds borrowed as part of Victoria’s protracted pandemic response.
- by Josh Gordon and Chip Le Grand
Opinion
Sharemarket
Why share and bond markets are at loggerheads
Equity investors are optimistic about the outcome of negotiations over the US debt ceiling. Bond investors aren’t so confident that common sense will prevail in the debt tug-of-war.
- by Stephen Bartholomeusz
Exclusive
Federal budget
What to do with a surplus? Pay down some debt
Treasurer Jim Chalmers forecast the first surplus in 15 years in his budget. The cash will go towards paying down debt.
- by Shane Wright
Opinion
Opinion
We are getting closer to global financial chaos
The clock is ticking as a stalemate in Washington threatens to unleash a global financial and economic catastrophe. Not everyone is convinced it will be resolved in time.
- by Stephen Bartholomeusz
Trillion-dollar debt delayed but interest bill accelerates to $2.5m an hour
The federal government has delayed the point at which its total debt exceeds $1 trillion as it comes within sight of balancing the budget this year.
- by Shane Wright and David Crowe