State governments are in unprecedented debt. Who do they owe the money to?

State budgets are on the horizon around Australia and we’re nearly all in the red. But if we were to default on our loan repayments, who would come calling?

source https://www.smh.com.au/business/the-economy/state-governments-are-in-unprecedented-debt-who-do-they-owe-the-money-to-20210309-p5794d.html?ref=rss&utm_medium=rss&utm_source=rss_feed