Story Australia Politics

$2 trillion of debt and climbing – Australia’s great big IOU is getting bigger

2 outlets 2 reports Published Aug 19, 2026

Australia

The brief

The states and territories are driving government debt to $2 trillion. Key points and original sources are listed below.

The states and territories are driving government debt to $2 trillion. One state is facing a 6000 per cent increase in its interest bill.S1 S2

Assembled from source summaries.

Timeline · newest first

3w Theage

$2 trillion of debt and climbing – Australia’s great big IOU is getting bigger

The states and territories are driving government debt to $2 trillion. One state is facing a 6000 per cent increase in its interest bill.

3w Brisbanetimes

$2 trillion of debt and climbing – Australia’s great big IOU is getting bigger

The states and territories are driving government debt to $2 trillion. One state is facing a 6000 per cent increase in its interest bill.

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Reports2

Sources · 2 citations

S1 TheageLead 1 report · EN

S2 Brisbanetimes 1 report · EN

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$2 trillion of debt and climbing – Australia’s great big IOU is getting bigger

Australia Politics

2 outlets 2 reports Published Aug 19, 2026

The brief

The states and territories are driving government debt to $2 trillion. Key points and original sources are listed below.

The states and territories are driving government debt to $2 trillion. One state is facing a 6000 per cent increase in its interest bill.S1 S2

Assembled from source summaries.

Timeline · newest first

3w Theage

$2 trillion of debt and climbing – Australia’s great big IOU is getting bigger

3w Brisbanetimes

$2 trillion of debt and climbing – Australia’s great big IOU is getting bigger

Sources · 2 citations

S1 TheageLead 1 report · EN

S2 Brisbanetimes 1 report · EN

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Global

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$2 trillion of debt and climbing – Australia’s great big IOU is getting bigger

$2 trillion of debt and climbing – Australia’s great big IOU is getting bigger

$2 trillion of debt and climbing – Australia’s great big IOU is getting bigger

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$2 trillion of debt and climbing – Australia’s great big IOU is getting bigger

$2 trillion of debt and climbing – Australia’s great big IOU is getting bigger

$2 trillion of debt and climbing – Australia’s great big IOU is getting bigger

Sources · 2 citations

Related stories

Australia to Deploy Military Support to UAE

Ohio State University President Resigns Amid Controversy

US-Iran Tensions Challenge India's Neutrality

Colombia's Legislative Elections Yield Divided Congress Ahead of Presidential Vote

Other developing stories in Australia

Kings star's message to critics

Teacher who sexually touched students claims she was ‘depressed, hypersexual’

Girl, 3, dies after being struck by car in Auburn, in Sydney’s west

‘Disgusted’: Ugly row over the loss of a major award at Australia’s version of the Oscars