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The Business Brief THURSDAY, 20 AUGUST 2026
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Australia Debt Breaches A$1 Trillion Amid Global Borrowing Spree

1 source ·1 article ·3h ago

Australia’s outstanding national debt temporarily exceeded A$1 trillion ($711 billion), with that milestone underscoring the struggle in developed nations to rein in borrowing levels that ballooned during the pandemic.

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Bloomberg 1

All coverage · 1 article

Bloomberg Economics ·3h ago

Australia Debt Breaches A$1 Trillion Amid Global Borrowing Spree

Australia’s outstanding national debt temporarily exceeded A$1 trillion ($711 billion), with that milestone underscoring the struggle in developed nations to rein in borrowing levels that ballooned during the pandemic.