Budget Paper No. 1
Net debt is then projected to fall over the medium term to 37.0 per cent of GDP at 30 June 2032. Gross debt is expected to be 45.1 per cent of GDP at 30 June 2022, 5.4 per cent lower compared with the 202021 Budget, before increasing to 50.0 per cent of GDP at 30 June 2025. ................
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