australia's national broadcaster, page-44

steviek. Just for you.

"By 1974, gross debt had declined to around 8
per cent of GDP from a peak of around
120 per cent of GDP in 1946"

http://lowpollutionfuture.treasury.gov.au/documents/1496/PDF/01_Debt.pdf

"Australia’s federal and state government debt adds up to about 35 per cent of GDP, but household debt is at 115 per cent, Mr Argus notes."

http://www.theaustralian.com.au/national-affairs/don-argus-warns-of-debt-bubble-bombs/story-fn59niix-1226929375313#

"Once negligible, net interest payments are now about $9 billion. That’s an extra expense the budget didn’t used to have. It is set to climb to $13 billion in two years’ time as more deficits mean more borrowing, which means even bigger interest payments in future budgets.

"The scale of the interest bill can be seen by comparing it to other government expenses. At 2.2 per cent of spending, $9 billion is the same as the sum the government spends on non-government schools, on residential aged care and on Newstart. Truly massive in the context of government spending, it’s about one half the size of Medicare and one third the size of the biggest program of all – the age pension."

http://www.smh.com.au/federal-politics/its-the-debt-not-the-spending-why-the-budget-is-bleeding-20140503-zr3mo.html