Australia’s government debt and the interest on that debt keep rising, despite Coalition denials. Alan Austin updates the record.

TREASURER JOSH FRYDENBERG has just increased both Federal gross debt and net debt to new all-time records.

This was revealed by Treasury and the Finance Department last Friday – just two days after Prime Minister Scott Morrison told the National Press Club that “going into 2020 the fundamentals of our economy are strong and in good shape”.

That speech was delivered just six weeks after Frydenberg announced to the world that “the Government is living within its means, paying down Labor’s debt”.

via Morrison Government breaks debt records in December — along with promises