NSW could face ‘vicious cycle of spending and debt’ linked to climate crisis and interest payments

1. UK exchange rates
2. All news
3. NSW could face ‘vicious cycle of spending and debt’ linked to...

NSW could face ‘vicious cycle of spending and debt’ linked to climate crisis and interest payments - short news

State’s finances face gathering threats, including potential stranded assets in coal exports, analysts warn

Get our free news app; get our morning email briefing

The New South Wales economy could be facing a “vicious cycle of spending and debt” with taxpayers having to spend potentially billions more on interest payments to bondholders, according to a new report.

NSW’s newly minted treasurer, Matt Kean, who presides over a third of the Australian economy, is expected to..

Read more on The Guardian

source: The Guardian - 19.10.2021