Net interest payments
Consolidated general government sector net interest payments peaked in 1995-96 at 2.2 per cent of GDP due to the increased level of Australian Government general government sector net debt. Consolidated general government sector net interest payments were -0.2 per cent of GDP in 2005-06 due to reduced Australian and State/local general government sector net debt since 1995-96 and lower interest rates in recent years.
Chart 7: General government sector net interest payments
