“Government debt (also known as public interest, national debt and sovereign debt) is the debt owed by a central government. … By contrast, the annual “government deficit” refers to the difference between government receipts and spending in a single year”
According to Wikipedia -; “ The Australian government debt is the amount owed by the Australian federal government. The Australian Office of Financial Management, which is part of the Treasury Portfolio, is the agency which manages the government debt and does all the borrowing on behalf of the Australian government.Australian government borrowings are subject to limits and regulation by the Loan Council, unless the borrowing is for defence purposes or is a ‘temporary’ borrowing. Government debt and borrowings (and repayments) have national macroeconomic implications, and are also used as one of the tools available to the national government in the macroeconomic management of the national economy, enabling the government to create or dampen liquidity in financial markets, with flow on effects on the wider economy”
“Australia recorded a government debt equivalent to 36.80 percent of the country’s Gross Domestic Product in 2015. Government Debt to GDP in Australia averaged 21.78 percent from 1989 until 2015, reaching an all time high of 36.80 percent in 2015 and a record low of 9.70 percent in 2007.”
“ Australia Government = Last = Previous = Highest = Lowest = Unit —
Govt Debt to GDP …….. 36.80 = 34.10 …= 36.80 ..= 9.70 % ….[+] . —
Govt Budget …………….-2.40 = –3.10 … = 2.00 …= –4.20% . of GDP[+] , Govt Budget Value… -4004.00 = –2162.00 = 14307.00 –23705.00 AUD Million[+]Government Spending77644.0077832.0077832.009161.00AUD Million[+]Government Revenues34053.0033699.0044914.00510.00AUD Million[+]Fiscal Expenditure38057.0035861.0045954.00790.00AUD Million[+]Credit Rating97.44[+]Military Expenditure27793.0025783.7027793.0014225.40USD Million[+]Asylum Applications1519.002021.002185.00222.00Persons[+]Government Spending To Gdp36.2035.6036.2032.80percent[+]
“As of 27 February 2014, the gross Australian government debt was A$300.63 billion; at 15 August 2014 it was A$326.55 billion; and at 13 March 2015 it was $361.09 billion, an increase of AUD$2.05 billion from 6 March 2015; at 22 January 2016 it was A$405.988 billion. The government debt fluctuates from week to week depending on government receipts, general outlays and large-sum outlays. Australian government debt does not take into account government funds held in reserve within statutory authorities such as the Australian Government Future Fund, which at 30 September 2015 was valued at A$117.83 billion, and the Reserve Bank of Australia. Nor is the net income of these statutory authorities taken into account. For example, the Future Fund net income in 2014/15 was A$15.61 billion, which went directly into the fund’s reserves. Also, guarantees offered by the government do not figure in the government debt level. For example, on October 12, 2008, in response to the Economic crisis of 2008, the government offered to guarantee 100% of all bank deposits. This was subsequently reduced to a maximum of $1 million per customer per institution. From 1 February 2012, the guarantee was reduced to $250,000,and is ongoing.
Australia’s net international investment liability position (government debt and private debt) was A$922.8 billion at 30 September 2015, an increase of A$18.2 billion (2%) on the liability position at 30 June 2015, according to the Australian Bureau of Statistics” = LATEST ISSUE Released at 11:30 AM (CANBERRA TIME) 15/12/2016"
= 5232.0 — Australian National Accounts: Finance and Wealth, Sep 2016
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