Budget Paper No. 1

As a result of the Government’s decisive action in providing unprecedented economic support in response to the COVID19 pandemic, net debt is now expected to be 34.2 per cent of GDP ($729.0 billion) at 30 June 2022, increasing to a peak of 40.9 per cent of GDP ($980.6 billion) at 30 June 2025, before falling to 37.0 per cent of GDP by the end ... ................
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