Aus economy not that flush, page-3

IMO it will be interesting to see what this year's budget
coughs up with respect to servicing debt.

While the Budget concentrates on Commonwealth Debt,
State and Muni debt is fast approaching another 50%
of Comm debt, so IMO we can safely add 50% extra
to Comm estimates to get the taxpayers overall cost
of servicing combined Governments' debt


IMO given the persistent interest rise in Government borrowing, by 2025
the taxpayer could be on the hook for $40 Billion /P/A interest on combined Governments' debt
with the prospect of that increasing as debt is rolled over at higher Bond rates.

For example of the entire ($1,9 Trillion) combined Governments' debt were to be rolled over this year
the interest would be $83.6 Billion this year.

That's why, IMO that protracted high interest rates could be an economic time bomb
for the Aus Taxpayer in the future