Budget Paper No. 1
Net debt is estimated to rise over the forward estimates, peaking at 43.8 per cent of GDP at 30 June 2024, before falling to 39.6 per cent of GDP by the end of the medium term (Chart 6). Net debt is projected to be 40.6 per cent of GDP at 30 June 2030, compared with the projection of 1.8 per cent of GDP at the 201920 MYEFO. ................
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