The strategy also couldn’t be used on a large scale because the more money the government tries to borrow, and hence the more bonds it needs to sell, the higher its borrowing costs as the market demands higher interest rates before it buy the additional bonds and lends the government more...
Valley Still Waits for Flood Cash; Disaster Recovery Payments Already Handed out to Queensland Flood Victims
Coming into office in February 2015, the Palaszczuk Government had originally aimed to reduce debt, specifically the general government debt-to-revenue ratio, but it gave up after it proved too hard. It made some early gains, largely by shifting a few billion dollars of debt onto state-owned ...