6000pc interest rise for one state as Australia’s combined government debt to hit $2 trillion
Australia is hurtling towards a staggering $2 trillion in combined national and state debt by the end of…
Australia’s debt hits historic $1 trillion milestone – and it’s only getting worse
The Albanese government will tip Australia’s total debt over $1 trillion for the first time on Thursday morning,…
Labor frontbencher warns of AI cost, pushes for local models, companies
Labor frontbencher Andrew Charlton says Australians should “adopt AI everywhere we can”, despite workers and businesses copping a…
‘Something is rotten’: Venture capitalist’s damning verdict on Australia
A prominent venture capitalist says Australians should be the richest people on earth but that decades of economic…
‘Disaster’: Treasury hits back after ugly mirror of Australia held up by prominent financial commentator
The Treasury has hit back at a prominent fund manager, financial commentator and author who held up an…
AUKUS submarine plan: Why it’s failing both Australia and the US
Australia and the United States continue proclaiming support for the AUKUS nuclear submarine deal, even though neither country…
Victorian government to spend 10 per cent of public revenue servicing interest repayments by 2030, Moody’s forecasts
Victoria will spend 10 per cent of its public revenue servicing interest repayments by 2030, a major credit…
‘Embarrassingly weak’: Graph shows decline in living standards under Albanese government
A confronting graph shows how Australia’s standard of living has slumped in recent years, as real per capita…