Treasurer Jim Chalmers says interest on government debt is costing taxpayers $60m a day

Karen Barlow
Adrian Rollins
Updated May 5 2023 - 10:10am, first published 5:30am

The federal government is spending more on its interest bill than on subsidising childcare or building infrastructure as the budget "is heaving" with debt, Treasurer Jim Chalmers has said.

Subscribe now for unlimited access.

or signup to continue reading

All articles from our website
The digital version of Today's Paper
Breaking news alerts direct to your inbox
Interactive Crosswords, Sudoku and Trivia
All articles from the other in your area
Karen Barlow

Karen Barlow

Chief Political Correspondent

Karen Barlow is ACM's Chief Political Correspondent. Working in the federal press gallery, she investigates and writes about federal politics and government. She has an interest in integrity, leadership and social equity. She has covered two Olympics and been to Antarctica twice. Contact her on

Adrian Rollins

Adrian Rollins


Adrian Rollins is economics correspondent for the Canberra Times