The https://www.rba.gov.au/speeches/2020/sp-dg-2020-09-22.html  10/13  22/09/2020  The Australian Economy and Monetary Policy | Speeches | RBA  increase in debt is definitely manageable. Moreover, there is not, in my judgement, a trade-off between debt and supporting the Australian economy in the current circumstance. Absent the fiscal stimulus, the economy would be significantly weaker and debt levels even higher.
This is particularly so with interest rates at their historically low levels, where the growth benefit from the fiscal stimulus will improve the debt dynamics and help service the debt in the future. [10] Foreign exchange intervention is another potential policy option. However, with the Australian dollar broadly aligned with its fundamentals, it is not clear this would be effective in the current circumstances.