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flag Australian states face massive debt hikes, with Tasmania and Victoria leading at over 44% and 35.2% of GDP by 2029.

flag Australian state governments face significant debt increases, with projections showing debts rising by an average of 300% over five years. flag Tasmania and Victoria are expected to see the highest increases, with debt as a share of economic output reaching over 44% and 35.2% respectively by 2029. flag Rising global interest rates will likely force tough spending decisions as interest costs escalate.

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