Sherlock Buffet, it may be worth checking previous debt and government receipts to help understand how by even just paying interest, the debt value reduces over time.
One example of many scenarios is to just pay the interest for 10 years some claim $12b per year (unverified), which would be $120b paid over the 10 years.
Going by previous increases in receipts (over the Howard 11 years), receipts increased 137% in 11 years. So using a 12.5% increase per year as an average, government receipts will increase from around $370b to around $832b in 10 years.
With only interest being paid, the debt in 10 years will still be around the $160b mark.
With annual government receipts of around $832b, a $160b debt could be paid off in a very short time.
There are other ways the debt can be managed, the above is just one possibility.
The NBN is included in the governments financial accounts, it is on the balance sheet as per international accounting standards.
