- Moody's - Australian government's general debt burden will rise to 42% of gdp in fiscal 2018 (12 months ending 30 june 2018) from 36.1% in fiscal 2015
Market news
23 August 2017
Moody's - Australian government's general debt burden will rise to 42% of gdp in fiscal 2018 (12 months ending 30 june 2018) from 36.1% in fiscal 2015
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Australia's dependence on external financing exposes it to shift in foreign investors' assessment of attractiveness of australian assets
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Debt burden will remain moderate relative to other aaa-rated sovereigns, and its debt affordability is very strong
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Australia's high, rising household debt exposes it to potential downturn in housing market that could significantly weigh on gdp growth
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