State debt to soar battling virus: S&P

By Colin Brinsden, Aap Economics and Business Correspondent
Updated September 30 2020 - 1:06pm, first published 1:03pm
Standard and Poors says state debt will climb due to the pandemic and major infrastructure projects.
Standard and Poors says state debt will climb due to the pandemic and major infrastructure projects.

Debt among Australia's states is set to soar in combating the coronavirus pandemic, reducing their buffers against further shocks, a global rating agency has warned.

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