Australia has a very low level of debt relative to other OECD nations
You must mean the relative level of Australia's government debt and not Australia's net foreign debt. On that score we rank 14th of country's with the most foreign debt.
Hmmm, I wonder why Australia is so heavily indebted to people's from other nations????
What could it be that we are spending their money on?
I ain't got a clue.
