The country's debt is higher than anticipated

Treasury's Long Term Fiscal Statement's highlighting the importance of the country closing its structural fiscal deficit sooner rather than later.

It warns financial pressures will continue to rise with superannuation costs and public healthcare expected to increase.

The report's found with unchanged policy, Government spending per person would nearly doubly by 2065.

Debt's higher than most projections, as Treasury says there has not been sufficient saving between adverse events to keep things steady over time.