The Tax Payer Bill Is Getting EVEN BIGGER... #shorts #australia #bonds #debt #economy

By Scott Kuru

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Everyone's been talking about how much Australia owes. But what does that debt COST us? As government bond yields rise, new borrowing becomes more expensive and old cheap debt can gradually be replaced with debt carrying higher interest costs. That matters because every additional dollar spent servicing debt is money that can’t simultaneously fund hospitals, housing, infrastructure or tax relief. And the impact doesn’t stop with government. Higher bond yields can flow through borrowing costs across the economy, potentially affecting businesses and households too. Debt can absolutely be useful when it creates long-term value. But with more than $1 trillion of Commonwealth debt, we need to pay attention to what it costs to service it. Borrowing is one thing. SERVICING it is where the pain begins. Do you think Australians are paying enough attention to the TRUE cost of our national debt? Let me know in the comments. 👉

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