That's not correct. We don't pay the government debt off every...

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    That's not correct. We don't pay the government debt off every year. We do pay interest on debt each year, it's a small % of total GDP.

    Let's assume interest on government debt at 1.5% p.a. so each Australian pays $400 in interest each year. So we're at $59,083 - $400 = $58,683. That's still a big increase from 2013's $46,505.
 
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