What rising bond yields mean for Australia – and the world
Australia has emerging costs from an ageing population, a forecast NDIS blowout, and childcare initiatives. It’s the cost of servicing government debt, though, that deserves new focus.
In the October budget, Treasurer Jim Chalmers outlined the long-term costs embedded in Australia’s fiscal outlook. Much of those costs were consequences of the COVID-19 pandemic and the government’s massive fiscal response of some $300 billion.
