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Australia politics live: Chalmers says Coalition ‘hyperventilating’ over national debt as gross figure hits $1tn; jobless rate climbs to 4.5% as 15,800 lose work

politics

Australia's national debt has surged past one trillion dollars, prompting Labor's Jim Chalmers to accuse the Coalition of "hyperventilating" over the figure, The Guardian reports. Greens senator David Shoebridge blamed the major parties for selling off assets, and Greens leader Larissa Waters called for sanctions against Israel and the recall of its ambassador. At the same time, the jobless rate rose to four point five percent, with about fifteen thousand eight hundred Australians losing work, according to the same coverage. The figures highlight the growing fiscal and employment challenges facing the Albanese government.

Source: https://www.theguardian.com/australia-news/live/2026/aug/...

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