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Australia was not in debt up until 2008. When the Australian Labor Party was voted into power in 2007, they rapidly commenced to spend all the surplus that the Liberal Party of Australia had accumulated in the previous decade, so that, as of 2015, Australia is very deeply in debt, with a very dark outlook for the future.
What else can I help you with?
Why is debt a burden on the treasury?
Treasury debt is a liability in the accounting books. This means they will have to re-pay that debt at some point.
Following the Spanish-American War nations in the Caribbean and Central America were deeply in debt to?
European nations
What did Thomas Jefferson think of the national debt?
He wanted to cut the national debt.
How much debt is America in because of the Iraq war?
well its not just the Iraq war that has us in so much debt, this is only like 3 % of the debt that this war creates. & were up to 53 trillion dollars in debt
How much was Henry VIII in debt?
He was about 3,000,000 English pounds in debt, or 30,000,000 dollars.
Did Australia have a debt after World War 2?
yes Australia had a debt after the war just like most countries do
If you default on a credit card debt in Hong Kong can the bank sue you in Australia if you now live in Australia?
Yes. You can be sued for for unpaid debt no matter where you live. Further more, this debt WILL affect your financial standing in Australia and your ability to get credit here.
Can you write off debt in Australia?
Yes.
Who is the best consolidators in Australia?
Mozo and Debt Busters are one of the best consolidators in Australia.
Is Australia Debt Collection a good collection agency in Sydney?
Australia Debt Collection a good collection agency in Sydney since it offers many services to people.
You have debt in Australia and am now living in New Zealand Can you travel back to Australia for a holiday?
im still living in Australia
Can authorities keep you from leaving Australia due to bad debt?
No
What country has no debt?
Singapore Australia Saudi Arabia Oman
Why is it a good idea for Greeks to migrate to Australia?
Australia has the same climate (mediteranian) and Australia has a more stable economy and less debt.
What is Julia Gillard going to do good for Australia?
Gillard is doing NOTHING good for Australia except to put us in DEBT
What will happen if you come back in Australia and you have 4 years old debt in Australia?
nothing unless they catch up to you at which point they may demand settlement of the debt. it is a civil mater and will possibly effect your ability to get credit.
Will you be able to move to Australia if you have a lot of debt in the UK?
Possibly not. The question you should be asking is, "Will you be permitted to leave the UK while being in debt?".
