Australia Announces Massive Debt Forgiveness Plan
In a significant economic move, the Australian government announced on Sunday, November 3, 2024, that it will forgive a substantial amount of debt, impacting various sectors and individuals across the country.
Scope of the Debt Forgiveness
The plan involves the condonation of approximately 16 billion Australian dollars, which translates to nearly 10.5 billion US dollars or 9.669 billion euros. This massive debt relief is aimed at alleviating financial burdens on several fronts.
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