Heading towards $53.7 billion by 2029–30, accruing in real time.
South Australian Debt Alarm.
This Budget
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Every second, the South Australian Government pays interest on its debt — money that could be spent on nurses, teachers, and roads.
Per Day
Per Year
Per Second
By 2029–30
What Could This Pay For?
A single year's interest bill could fund, for a full year:
Note: interest paid this financial year divided by published salary figures at the following URLs: School Teacher Pay Rates; Nursing and Midwifery Entrprise Agreement>; SAPOL Salary data
What We Are Calling For
Labor must use this year's State Budget to outline a clear plan to begin repaying South Australia's debt and restore discipline to government spending.
“Debt without a plan is a burden on the next generation, and we have a responsibility to start turning this around now.”
Debt Today.
Costs Tomorrow.
SA debt and interest payments put pressure on our future.