Interest payments on government debt as a share of government expense reached 2.96% in 2020 in Australia, according to the National Statistical Office. This is 16.1% less than in the previous year.
Historically, interest payments on government debt as a share of government expense in Australia reached an all time high of 10.8% in 1987 and an all time low of 1.43% in 2009.
Australia has been ranked 82nd within the group of 110 countries we follow in terms of interest payments on government debt as a share of government expense.
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