No. While the COVID‐19 crisis has required a dramatic increase in debt‐financed government spending, in the current conditions the benefits from this debt are unusually high and the costs unusually low. While conditions can change, the Australian Government can right now hedge against these risks by lengthening the maturity structure of government debt, even at the cost of a modest increase in its current servicing costs.

中文翻译：

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我们应该担心政府债务吗？关于澳大利亚COVID-19回应的思考

不会。虽然COVID-19危机要求债务融资的政府支出急剧增加，但在当前情况下，这种债务的收益异常高，成本异常低。尽管情况可能会发生变化，但澳大利亚政府现在可以通过延长政府债务的期限结构来对付这些风险，即使是以当前服务成本的适度增加为代价。