Scott Morrison to lift credit limit as Australia’s debt hurtles towards $500 billion – The Sydney Morning Herald

The federal government will be forced to lift its own self-imposed credit limit in the coming months as debt hurtles towards half-a-trillion dollars – almost double the number the Coalition inherited from Labor. Gross commonwealth government debt has reached more than $474 billion after a sharp jump in recent weeks, leaving it just $26b short…

Scott Morrison to lift credit limit as Australia’s debt hurtles towards $500 billion – Whyalla News

Scott Morrison to lift credit limit as Australia’s debt hurtles towards $500 billion Treasurer Scott Morrison, pictured in London this week, says the government is making progress in reining in Australia’s debt. Photo: Chris Ratcliffe Shadow treasurer Chris Bowen says Australia’s AAA credit rating is under threat. Photo: Josh Robenstone exit The federal government will…

Scott Morrison to lift credit limit as Australia’s debt hurtles towards $500 billion – Whyalla News

Scott Morrison to lift credit limit as Australia’s debt hurtles towards $500 billion Treasurer Scott Morrison, pictured in London this week, says the government is making progress in reining in Australia’s debt. Photo: Chris Ratcliffe Shadow treasurer Chris Bowen says Australia’s AAA credit rating is under threat. Photo: Josh Robenstone exit The federal government will…