Australia’s states issued more than $53 billion worth of debt in the first six months of 2020. However, Reserve Bank of Australia governor Philip Lowe has urged the states to double their borrowings in order to help the federal government with stimulating the economy.
Credit rating agencies and bond buyers have suggested that states should look at privatisation as an alternative to more borrowing:
S&P Global Ratings analyst Anthony Walker… said privatisation was an option governments should be considering.
