Letters: 'Debt and deficit has only skyrocketed'

Updated July 25 2019 - 12:08pm, first published July 24 2019 - 12:07pm

National debt grows

As we enter the new financial year, many Australians will be lodging their tax returns. When one receives their income tax receipt they can see black and white our level of Australian Government gross debt. This year: $546 billion. Last year: $532 billion. Interest payments on gross debt this year: $18.2 billion.

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