NSW could face ‘vicious cycle of spending and debt’ linked to climate crisis and interest payments
by Peter Hannam from on (#5QWWR)
State's finances face gathering threats, including potential stranded assets in coal exports, analysts warn
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 release a post-lockdown recovery package within days as Covid-imposed curbs are lifted.
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