Jack Colreavy, our Investment Analyst, shares his insights on the Australian Government Debt and its link to the inflation rate. In 2007, Australia’s gross government debt was a meagre 9.7% as a percentage of our national GDP. Then a “once in a century” financial crisis rocked the global economy and the Australian government responded with a major fiscal stimulus in order to avoid a recession. In two years, gross government debt rose to 16.7% of GDP and while this is extremely low in comparison to other countries, it still represents a 72% increase in debt. But the rise in debt doesn’t end there; through persistent budget deficits over the next decade, Australia’s gross debt rose from an average of almost 10% to 47.5% of GDP by 2019. Learn more---------------------------------------------------------------------------------------------------Barclay Pearce Capital Pty Ltd is a Corporate Authorised Representative (Authorisation Number: 1277964) of Barclay Pearce Capital Management Pty Ltd, the holder of an Australian Financial Services Licence (Number: 503261).  This podcast is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell financial products. The information contained in this podcast is directed and available to residents of Australia only. The distribution of information to persons outside this criteria may be restricted by law and persons who come into possession of it should seek advice and observe any such restriction. The information provided in this podcast is general in nature only and does not constitute personal advice. The information has been prepared without taking into account you or your company’s objectives, financial situation or needs. Before acting on any information in this podcast you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. You should seek independent financial advice and read the relevant disclosure statements or other offer documents prior to making an investment decision about a financial product. 

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