Public Sector Debt: Australia and New Zealand
(asked on 22nd November 2023) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has had recent discussions with his counterpart in (a) Australia and (b) New Zealand on strategies for reducing national debt.
This question was answered on 30th November 2023
The government engages regularly with international partners to discuss a wide range of issues.
The government is committed to getting debt falling and the OBR’s November forecast confirmed that underlying debt begins to fall from 2027-28.
The priority to reduce debt is aligned with the approach of other advanced economies.