Knowledge

Australian government debt

Source đź“ť

513:, large budget surpluses resulted in a reduction of treasury bonds on issue. In 2002, the government conducted a review into how this would affect bond market participants. Consistent with the outcome of the review, the government decided to continue issuing debt in the form of treasury bonds despite the surplus to maintain the bond market. This was justified on the basis that a declining bond market would have negative implications to those looking to hedge interest rate risk using bond futures, financial market diversity, and those who use bonds as investment vehicles. In balance with continued issuance of liabilities, it was decided the government would continue to accumulate financial assets, thus expanding its balance sheet and increasing the exposure to 1761: 354: 632: 646: 1773: 493:, Peter McCray, remarked that this system was "breaching what is today regarded as a central tenet of government financing—that the government fully fund itself in the market." He also remarked that this form of funding implied "reduced fiscal discipline" on the government's side, leading to likely inflationary consequences, as well as adverse implications to the private bond market. 446:. Nor is the net income of these statutory authorities taken into account. For example, the Future Fund net income in 2014–15 was $ 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 12 October 2008, in response to the 545:
in the 2016–17 budget was estimated at 18.9% ($ 326.0 billion); much lower than most developed countries. The budget forecasted that net government debt would increase to $ 346.8 and $ 356.4 billion in 2017–18 and 2018–19 respectively. However, despite continuing to rise in aggregate terms,
562:
is the main mechanism that determines the government's net debt position from one period to the next. A surplus (revenue is greater than expenses) allows the government to pay down its debt while a deficit (expenses are greater than revenue) requires the government to issue more debt to cover the
533:
as "gross debt minus financial assets corresponding to debt instruments". Financial assets corresponding to debt instruments include currency and deposits, debt securities and loans. In the context of the budget, general government sector net debt is equal to the sum of deposits held, government
480:
Before 1979, the government borrowed using individual cash loans and a mechanism known as the TAP system. Under this system, the government would set a fixed yield, and the private market would finance as much public debt at this yield as it saw fit. If the market did not finance all the debt on
549:
The net government debt was negative (i.e. The Australian government had net positive bond holdings) in the 2006–07-year for the first time in three decades, from an original peak of 18.5% of GDP ($ 96 billion) in 1995–96. The reduction in net debt is attributable to the consistent budget
534:
securities (at market value), loans and other borrowing, minus the sum of cash and deposits, advances paid and investments, loans and placements. The net debt to GDP ratio over time is influenced by a government surplus/deficit or due to growth of GDP and inflation, as well as movements in the
505:
notes that there is still no risk of the government being unable to finance itself because the Australian government issues its own currency and can always meet any financial liabilities that are denominated in that currency. The Australian government can never run out of its own currency.
1208: 520:
The Howard government also saw the unwinding of the federal government's foreign currency liabilities, ending a long period during which the government had a significant exposure to currency risk. The debt portfolio is now managed to a benchmark with a zero foreign currency component.
713: 437:
was $ 551.75 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
417:
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.
450:, 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. 589:
The statutory limit was created in 2007 by the Rudd government and set at $ 75 billion. It was increased in 2009 to $ 200 billion, $ 250 billion in 2011 and $ 300 billion in May 2012. In November 2013,
496:
The government retired the TAP system and introduced a tender system for short-term Treasury Notes in December 1979 and for Treasury Bonds in August 1982. Under this system, bonds are issued in an auction where
432:
As of 31 August 2021 the total gross Australian government debt outstanding was A$ 834 billion, an increase of about A$ 273 billion from before 31 December 2019. As at 11 April 2017, the gross Australian
773: 409:, 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 855: 1736: 457:(government debt and private debt) was $ 1,028.5 billion at 31 December 2016, an increase of $ 5.4 billion (0.5%) on the liability position at 31 December 2016, according to the 1741: 2387: 574:
The 2017 budget forecast government spending to be in surplus in the 2020/21 fiscal year, while the 2018 budget forecast a surplus of $ 2.2 billion in 2019/20. Before the
892: 833: 472:
as at May 2017. Around two-thirds of Australian government debt is held by non-resident investors – a share that has risen since 2009 and remains historically high.
1025: 2404: 489:
at a concessionary rate of 1%. This allowed the government to finance its debt without limitation. In 2000, the then Deputy Chief Executive Officer of the
780: 1731: 1746: 1543: 1039: 893:"Paper presented to the Asian Development Bank Conference on Government Bond Markets and Financial Sector Development in Developing Asian Economies" 1721: 2285: 1553: 1533: 546:
growth in the economy means the government expects the proportion of debt to GDP to peak at 19.2% in 2017–18 before starting to fall thereafter.
1235: 1056: 2290: 1166: 1085: 413:, unless the borrowing is for defence purposes or is a 'temporary' borrowing. Government debt and borrowings (and repayments) have national 2555: 1155: 1350: 1811: 1538: 870: 2773: 2058: 601:
from $ 300 billion to $ 500 billion, saying that the limit will be exhausted by mid-December 2013. With the support of the
490: 1726: 1711: 1706: 1101: 966: 664: 2332: 2142: 1950: 1864: 1129:
Kanagaratnam, Muhunthan; Chau, Hahn; Musgrave, Adam; Lian, Julian; Merjane, Chris; Chen, Rianne; Chen, Tina; Charman, Matthew.
482: 896: 2228: 2068: 1777: 454: 2344: 1884: 1879: 1874: 2783: 2731: 2675: 2570: 2076: 1910: 1824: 421:
The net government debt is gross government debt less its financial assets, which is often expressed as a percentage of
2738: 1869: 1849: 1698: 1683: 1451: 1228: 1130: 2280: 2181: 2081: 2001: 1935: 1263: 918: 735: 538:
of government securities which may in turn be influenced by movements in general interest rates and currency values.
439: 2008: 1945: 1930: 1371: 2449: 2248: 2238: 2174: 1915: 1889: 1406: 458: 2535: 2434: 2154: 2132: 2038: 1844: 1804: 1606: 1507: 568: 564: 2685: 2602: 2478: 2327: 2320: 2191: 2137: 1940: 1920: 1765: 1601: 1497: 1278: 1268: 1221: 1036: 1201: 2670: 2464: 2201: 2164: 2043: 2033: 1905: 1335: 2778: 2439: 2397: 2392: 2339: 2086: 2053: 1981: 1642: 1611: 1586: 1401: 1325: 530: 25:
Throughout this article, the unqualified term "dollar" and the $ symbol refers to the Australian dollar.
2505: 2409: 2263: 2122: 1688: 1657: 1591: 1466: 1421: 1396: 1386: 1340: 1320: 1283: 992: 2625: 2582: 2530: 2429: 2275: 2243: 2159: 2149: 2117: 1797: 1716: 1662: 1563: 1471: 571:
forecast a deficit of $ 18.2 billion. This would be Australia's eleventh consecutive budget deficit.
559: 502: 486: 443: 1060: 2540: 2525: 2372: 2208: 2169: 1996: 1616: 1596: 1548: 1455: 1366: 1013: 1082: 2690: 2565: 2545: 2520: 2500: 2253: 2223: 2048: 1925: 1854: 1621: 1446: 586:
A debt ceiling on how much the Australian government could borrow existed between 2007 and 2013.
447: 402: 517:. However, it was decided that the benefits of maintaining a bond market outweighed such risks. 2597: 2575: 2550: 2515: 2495: 2459: 2297: 2268: 2258: 2233: 2196: 2127: 1964: 1859: 1476: 1416: 1381: 1288: 610: 591: 422: 2660: 2592: 2490: 2444: 2307: 2213: 2100: 1986: 1438: 1330: 669: 2724: 2695: 2617: 2454: 2424: 2360: 2315: 2028: 2023: 1991: 1976: 1832: 1652: 1581: 1558: 1492: 1411: 1376: 1244: 820:"5302.0 – Balance of Payments and International Investment Position, Australia, March 2017" 469: 8: 2645: 2587: 2419: 2382: 2112: 1667: 1647: 1573: 1391: 1345: 1273: 692:"Australian Office of Financial Management - Data Hub - End of Financial Year Positions" 2747: 2705: 2680: 2665: 2655: 2650: 2640: 2607: 2510: 2414: 2018: 2013: 1502: 805: 465: 406: 970: 2635: 2377: 1304: 1177: 819: 659: 606: 602: 575: 542: 510: 426: 834:"Federal budget 2017: Standard & Poor's reaffirms Australia's AAA credit rating" 779:. Future Fund – Australia's Sovereign Wealth Fund. 27 September 2016. Archived from 2752: 2186: 1258: 637: 763:, End of month positions, portfolio aggregate worksheet, sheet FaceValue, column X 1428: 1089: 1043: 434: 945: 2630: 1516: 1511: 1461: 856:
Treasury secretary John Fraser: Australia has a spending and a revenue problem.
651: 514: 498: 2767: 414: 578:, the government's debt level was forecast to be $ 629 billion in 2019/20. 535: 410: 922: 739: 2700: 2560: 442:, which at 30 September 2016 was valued at $ 122.8 billion, and the 33: 1213: 598: 594: 1014:
International Monetary Fund, Government Finance Statistics Manual 2014
405:. The Australian Office of Financial Management, which is part of the 1820: 1789: 1026:
The Australian Government’s current debt position – April 2015 update
1156:
The Age, 24 October 2013 – Debt ceiling – all because of West Wing?
760: 691: 353: 645: 567:
forecast a deficit of $ 29.3 billion, or 1.6% of GDP. The
501:
bid against each other. Australian macroeconomist Professor
895:. Australian Office of Financial Management. Archived from 1194: 967:"Review of the Commonwealth Government Securities market" 806:"Questions & Answers about the Guarantee on Deposits" 1128: 1124: 1122: 597:
requested Parliament's approval for an increase in the
1199:
Katrina Di Marco, Mitchell Pirie and Wilson Au-Yeung:
616:
The debt ceiling was contained in section 5(1) of the
1119: 609:
repealed the debt ceiling over the opposition of the
871:"A history of Treasury Bond tenders and performance" 627: 485:was able to borrow the outstanding amount from the 1205:, Treasury, Commonwealth of Australia. (ca. 2011). 836:. Australian Broadcasting Corporation. 17 May 2017 2765: 16:Amount owed by the Australian federal government 969:. The Commonwealth of Australia. Archived from 455:net international investment liability position 865: 863: 1805: 1229: 943: 1131:"Australian Federal Budget analysis 2018/19" 714:"Report for Selected Countries and Subjects" 995:. Australian Office of Financial Management 985: 946:"Will we really pay higher interest rates?" 873:. Australian Office of Financial Management 860: 738:. Commonwealth of Australia. Archived from 1812: 1798: 1236: 1222: 959: 553: 1195:Australian Office of Financial Management 1243: 543:net government debt as percentage of GDP 352: 1030: 665:List of sovereign states by public debt 2766: 1819: 1083:Australian Government is now debt free 620:until its repeal on 10 December 2013. 529:Net government debt is defined by the 524: 1793: 1217: 1202:A history of public debt in Australia 1179:Commonwealth Inscribed Stock Act 1911 686: 684: 618:Commonwealth Inscribed Stock Act 1911 1772: 774:"2015/16 Future Fund Annual Report" 13: 826: 728: 706: 681: 344:Source: Commonwealth of Australia 14: 2795: 1188: 468:was rated AAA by all three major 440:Australian Government Future Fund 2774:Government finances in Australia 1771: 1760: 1759: 761:https://www.aofm.gov.au/data-hub 644: 630: 335: 321: 307: 195: 181: 167: 153: 139: 125: 112: 98: 84: 70: 1171: 1160: 1149: 1094: 1075: 1059:. budget.gov.au. Archived from 1049: 1018: 1007: 937: 911: 885: 581: 459:Australian Bureau of Statistics 1508:Australian Securities Exchange 1181:as at 18 November 2012, s 5(1) 944:Bill Mitchell (8 April 2009). 848: 822:. abs.gov.au. 4 December 2018. 812: 798: 766: 754: 1: 1209:Debt Statistics for Australia 716:. International Monetary Fund 675: 403:Australian federal government 1747:Australia–United Kingdom FTA 1351:Australian Capital Territory 919:"How to Buy AGS | AOFM" 550:surpluses in the mid-2000s. 7: 1722:Australia–United States FTA 1612:National Electricity Market 1107:. budget.gov.au. 9 May 2017 1057:"Budget Paper No.1 2016–17" 694:. Commonwealth of Australia 623: 531:International Monetary Fund 10: 2800: 2784:Government debt by country 1467:Minerals Resource Rent Tax 1167:The Age, 14 November 2013. 854:The Age, 29 January 2016, 475: 401:is the amount owed by the 399:Australian government debt 2718: 2616: 2486: 2477: 2368: 2359: 2306: 2182:Intelligence and security 2108: 2099: 2067: 1972: 1963: 1898: 1840: 1831: 1755: 1737:Trans-Pacific Partnership 1717:Australia–New Zealand FTA 1697: 1676: 1663:Social class in Australia 1630: 1572: 1526: 1485: 1472:Passenger Movement Charge 1437: 1359: 1313: 1297: 1251: 1102:"Budget Overview 2017–18" 1024:Parliament of Australia, 808:. guaranteescheme.gov.au. 487:Reserve Bank of Australia 444:Reserve Bank of Australia 343: 1597:Energy efficiency rating 1452:Goods & Services Tax 1742:Indonesia–Australia FTA 993:"Foreign currency debt" 554:Latest budget forecasts 448:Economic crisis of 2008 2576:Indigenous Australians 2077:States and territories 1289:Snowy Mountains Scheme 1264:Banking crisis of 1893 1088:4 October 2017 at the 611:Australian Labor Party 470:credit rating agencies 423:Gross Domestic Product 394: 1870:Territorial evolution 670:Taxation in Australia 356: 2316:Cabinet of Australia 2291:Government ministers 2059:World Heritage Sites 1865:European exploration 1653:Poverty in Australia 1245:Economy of Australia 2388:Gross state product 1732:Japan–Australia FTA 1727:China–Australia FTA 1712:Australia–Korea FTA 1707:Australia–Chile FTA 1668:Wealth in Australia 1648:Income in Australia 1631:Economic conditions 1527:Regulatory agencies 1486:Banking and Finance 1274:Four pillars policy 1063:on 13 December 2017 1042:19 May 2019 at the 786:on 14 November 2016 736:"Role and Function" 565:2017 federal budget 525:Net government debt 2779:Australian budgets 2706:Australian studies 2641:Australian English 2450:Telecommunications 2286:Government leaders 2229:Political ideology 1554:Corporations power 1503:Official cash rate 1407:Telecommunications 742:on 27 January 2013 466:bond credit rating 407:Treasury Portfolio 395: 2761: 2760: 2714: 2713: 2536:Human trafficking 2473: 2472: 2355: 2354: 2155:Foreign relations 2095: 2094: 1959: 1958: 1906:Asian Australians 1787: 1786: 1607:Green electricity 1336:Western Australia 1305:Australian dollar 1137:. Gilbert + Tobin 973:on 13 August 2006 660:Government budget 607:Abbott government 603:Australian Greens 576:COVID-19 pandemic 511:Howard government 427:debt-to-GDP ratio 351: 350: 2791: 2741: 2734: 2727: 2603:Waste management 2484: 2483: 2405:Household income 2366: 2365: 2328:Governor-General 2138:Electoral system 2106: 2105: 1970: 1969: 1838: 1837: 1814: 1807: 1800: 1791: 1790: 1775: 1774: 1763: 1762: 1699:Trade agreements 1602:Geothermal power 1498:Financial system 1279:Great Depression 1269:Economic history 1259:Australian pound 1238: 1231: 1224: 1215: 1214: 1183: 1175: 1169: 1164: 1158: 1153: 1147: 1146: 1144: 1142: 1135:www.lexology.com 1126: 1117: 1116: 1114: 1112: 1106: 1098: 1092: 1081:Budget 2006–07, 1079: 1073: 1072: 1070: 1068: 1053: 1047: 1034: 1028: 1022: 1016: 1011: 1005: 1004: 1002: 1000: 989: 983: 982: 980: 978: 963: 957: 956: 954: 952: 941: 935: 934: 932: 930: 921:. Archived from 915: 909: 908: 906: 904: 899:on 14 March 2019 889: 883: 882: 880: 878: 867: 858: 852: 846: 845: 843: 841: 830: 824: 823: 816: 810: 809: 802: 796: 795: 793: 791: 785: 778: 770: 764: 758: 752: 751: 749: 747: 732: 726: 725: 723: 721: 710: 704: 703: 701: 699: 688: 654: 649: 648: 640: 638:Australia portal 635: 634: 633: 481:offer, then the 391: 385: 379: 373: 367: 361: 357:Australia bonds 54: 45: 30: 29: 2799: 2798: 2794: 2793: 2792: 2790: 2789: 2788: 2764: 2763: 2762: 2757: 2744: 2737: 2730: 2723: 2710: 2671:Public holidays 2612: 2556:Life expectancy 2469: 2351: 2302: 2091: 2063: 2049:Protected areas 1955: 1894: 1827: 1818: 1788: 1783: 1751: 1693: 1689:Labour movement 1672: 1658:Property bubble 1638:Government debt 1626: 1568: 1522: 1512:S&P/ASX 200 1481: 1433: 1355: 1341:South Australia 1321:New South Wales 1314:State economies 1309: 1293: 1247: 1242: 1191: 1186: 1176: 1172: 1165: 1161: 1154: 1150: 1140: 1138: 1127: 1120: 1110: 1108: 1104: 1100: 1099: 1095: 1090:Wayback Machine 1080: 1076: 1066: 1064: 1055: 1054: 1050: 1044:Wayback Machine 1035: 1031: 1023: 1019: 1012: 1008: 998: 996: 991: 990: 986: 976: 974: 965: 964: 960: 950: 948: 942: 938: 928: 926: 925:on 4 April 2019 917: 916: 912: 902: 900: 891: 890: 886: 876: 874: 869: 868: 861: 853: 849: 839: 837: 832: 831: 827: 818: 817: 813: 804: 803: 799: 789: 787: 783: 776: 772: 771: 767: 759: 755: 745: 743: 734: 733: 729: 719: 717: 712: 711: 707: 697: 695: 690: 689: 682: 678: 650: 643: 636: 631: 629: 626: 584: 563:shortfall. The 556: 527: 515:financial risks 499:primary dealers 478: 435:government debt 393: 389: 387: 383: 381: 377: 375: 371: 369: 365: 363: 359: 59: 52: 50: 43: 41: 36: 17: 12: 11: 5: 2797: 2787: 2786: 2781: 2776: 2759: 2758: 2756: 2755: 2750: 2743: 2742: 2735: 2728: 2720: 2719: 2716: 2715: 2712: 2711: 2709: 2708: 2703: 2698: 2693: 2688: 2683: 2678: 2673: 2668: 2663: 2658: 2653: 2648: 2643: 2638: 2633: 2628: 2622: 2620: 2614: 2613: 2611: 2610: 2605: 2600: 2595: 2590: 2585: 2580: 2579: 2578: 2573: 2568: 2558: 2553: 2548: 2543: 2538: 2533: 2528: 2523: 2518: 2513: 2508: 2503: 2498: 2493: 2487: 2481: 2475: 2474: 2471: 2470: 2468: 2467: 2465:Welfare system 2462: 2457: 2452: 2447: 2442: 2440:Superannuation 2437: 2435:Stock exchange 2432: 2427: 2422: 2417: 2412: 2407: 2402: 2401: 2400: 2398:Public housing 2393:Home ownership 2390: 2385: 2380: 2375: 2369: 2363: 2357: 2356: 2353: 2352: 2350: 2349: 2348: 2347: 2340:Prime Minister 2337: 2336: 2335: 2325: 2324: 2323: 2312: 2310: 2304: 2303: 2301: 2300: 2298:Shadow Cabinet 2295: 2294: 2293: 2288: 2278: 2276:Public Service 2273: 2272: 2271: 2266: 2261: 2256: 2251: 2246: 2241: 2236: 2226: 2221: 2216: 2211: 2206: 2205: 2204: 2199: 2194: 2184: 2179: 2178: 2177: 2172: 2167: 2157: 2152: 2150:Federal budget 2147: 2146: 2145: 2140: 2135: 2125: 2120: 2115: 2109: 2103: 2097: 2096: 2093: 2092: 2090: 2089: 2084: 2079: 2073: 2071: 2065: 2064: 2062: 2061: 2056: 2051: 2046: 2041: 2036: 2031: 2026: 2021: 2016: 2011: 2006: 2005: 2004: 1994: 1989: 1984: 1982:Climate change 1979: 1973: 1967: 1961: 1960: 1957: 1956: 1954: 1953: 1948: 1943: 1938: 1933: 1928: 1923: 1918: 1913: 1911:Constitutional 1908: 1902: 1900: 1896: 1895: 1893: 1892: 1887: 1882: 1877: 1872: 1867: 1862: 1857: 1852: 1847: 1841: 1835: 1829: 1828: 1817: 1816: 1809: 1802: 1794: 1785: 1784: 1782: 1781: 1769: 1756: 1753: 1752: 1750: 1749: 1744: 1739: 1734: 1729: 1724: 1719: 1714: 1709: 1703: 1701: 1695: 1694: 1692: 1691: 1686: 1680: 1678: 1674: 1673: 1671: 1670: 1665: 1660: 1655: 1650: 1645: 1643:Home ownership 1640: 1634: 1632: 1628: 1627: 1625: 1624: 1619: 1614: 1609: 1604: 1599: 1594: 1589: 1587:Carbon pricing 1584: 1578: 1576: 1570: 1569: 1567: 1566: 1561: 1556: 1551: 1546: 1541: 1536: 1530: 1528: 1524: 1523: 1521: 1520: 1517:All Ordinaries 1514: 1505: 1500: 1495: 1489: 1487: 1483: 1482: 1480: 1479: 1474: 1469: 1464: 1462:Luxury Car Tax 1459: 1449: 1443: 1441: 1435: 1434: 1432: 1431: 1426: 1425: 1424: 1414: 1409: 1404: 1402:Superannuation 1399: 1394: 1389: 1384: 1379: 1374: 1369: 1363: 1361: 1357: 1356: 1354: 1353: 1348: 1343: 1338: 1333: 1328: 1323: 1317: 1315: 1311: 1310: 1308: 1307: 1301: 1299: 1295: 1294: 1292: 1291: 1286: 1281: 1276: 1271: 1266: 1261: 1255: 1253: 1249: 1248: 1241: 1240: 1233: 1226: 1218: 1212: 1211: 1206: 1197: 1190: 1189:External links 1187: 1185: 1184: 1170: 1159: 1148: 1118: 1093: 1074: 1048: 1029: 1017: 1006: 984: 958: 936: 910: 884: 859: 847: 825: 811: 797: 765: 753: 727: 705: 679: 677: 674: 673: 672: 667: 662: 656: 655: 652:Economy portal 641: 625: 622: 583: 580: 560:federal budget 555: 552: 526: 523: 477: 474: 388: 382: 376: 370: 364: 358: 349: 348: 345: 341: 340: 337: 334: 331: 327: 326: 323: 320: 317: 313: 312: 309: 306: 303: 299: 298: 295: 292: 289: 285: 284: 281: 278: 275: 271: 270: 267: 264: 261: 257: 256: 253: 250: 247: 243: 242: 239: 236: 233: 229: 228: 225: 222: 219: 215: 214: 211: 208: 205: 201: 200: 197: 194: 191: 187: 186: 183: 180: 177: 173: 172: 169: 166: 163: 159: 158: 155: 152: 149: 145: 144: 141: 138: 135: 131: 130: 127: 124: 121: 117: 116: 114: 111: 108: 104: 103: 100: 97: 94: 90: 89: 86: 83: 80: 76: 75: 72: 69: 66: 62: 61: 56: 55: billion) 47: 46: billion) 38: 28: 27: 15: 9: 6: 4: 3: 2: 2796: 2785: 2782: 2780: 2777: 2775: 2772: 2771: 2769: 2754: 2751: 2749: 2746: 2745: 2740: 2736: 2733: 2729: 2726: 2722: 2721: 2717: 2707: 2704: 2702: 2699: 2697: 2694: 2692: 2689: 2687: 2684: 2682: 2679: 2677: 2674: 2672: 2669: 2667: 2664: 2662: 2659: 2657: 2654: 2652: 2649: 2647: 2644: 2642: 2639: 2637: 2634: 2632: 2629: 2627: 2624: 2623: 2621: 2619: 2615: 2609: 2606: 2604: 2601: 2599: 2596: 2594: 2591: 2589: 2586: 2584: 2581: 2577: 2574: 2572: 2571:Ethnic groups 2569: 2567: 2564: 2563: 2562: 2559: 2557: 2554: 2552: 2549: 2547: 2544: 2542: 2539: 2537: 2534: 2532: 2529: 2527: 2524: 2522: 2519: 2517: 2514: 2512: 2509: 2507: 2504: 2502: 2499: 2497: 2494: 2492: 2489: 2488: 2485: 2482: 2480: 2476: 2466: 2463: 2461: 2458: 2456: 2453: 2451: 2448: 2446: 2443: 2441: 2438: 2436: 2433: 2431: 2428: 2426: 2423: 2421: 2418: 2416: 2413: 2411: 2410:Manufacturing 2408: 2406: 2403: 2399: 2396: 2395: 2394: 2391: 2389: 2386: 2384: 2381: 2379: 2376: 2374: 2371: 2370: 2367: 2364: 2362: 2358: 2346: 2343: 2342: 2341: 2338: 2334: 2331: 2330: 2329: 2326: 2322: 2319: 2318: 2317: 2314: 2313: 2311: 2309: 2305: 2299: 2296: 2292: 2289: 2287: 2284: 2283: 2282: 2279: 2277: 2274: 2270: 2267: 2265: 2264:Republicanism 2262: 2260: 2257: 2255: 2252: 2250: 2247: 2245: 2242: 2240: 2237: 2235: 2232: 2231: 2230: 2227: 2225: 2222: 2220: 2219:National debt 2217: 2215: 2212: 2210: 2207: 2203: 2200: 2198: 2195: 2193: 2190: 2189: 2188: 2185: 2183: 2180: 2176: 2173: 2171: 2168: 2166: 2163: 2162: 2161: 2158: 2156: 2153: 2151: 2148: 2144: 2141: 2139: 2136: 2134: 2131: 2130: 2129: 2126: 2124: 2121: 2119: 2116: 2114: 2111: 2110: 2107: 2104: 2102: 2098: 2088: 2085: 2083: 2080: 2078: 2075: 2074: 2072: 2070: 2066: 2060: 2057: 2055: 2052: 2050: 2047: 2045: 2042: 2040: 2037: 2035: 2032: 2030: 2027: 2025: 2022: 2020: 2017: 2015: 2012: 2010: 2007: 2003: 2000: 1999: 1998: 1995: 1993: 1990: 1988: 1985: 1983: 1980: 1978: 1975: 1974: 1971: 1968: 1966: 1962: 1952: 1949: 1947: 1944: 1942: 1939: 1937: 1934: 1932: 1929: 1927: 1924: 1922: 1919: 1917: 1914: 1912: 1909: 1907: 1904: 1903: 1901: 1897: 1891: 1888: 1886: 1883: 1881: 1878: 1876: 1873: 1871: 1868: 1866: 1863: 1861: 1858: 1856: 1853: 1851: 1848: 1846: 1843: 1842: 1839: 1836: 1834: 1830: 1826: 1822: 1815: 1810: 1808: 1803: 1801: 1796: 1795: 1792: 1780: 1779: 1770: 1768: 1767: 1758: 1757: 1754: 1748: 1745: 1743: 1740: 1738: 1735: 1733: 1730: 1728: 1725: 1723: 1720: 1718: 1715: 1713: 1710: 1708: 1705: 1704: 1702: 1700: 1696: 1690: 1687: 1685: 1682: 1681: 1679: 1675: 1669: 1666: 1664: 1661: 1659: 1656: 1654: 1651: 1649: 1646: 1644: 1641: 1639: 1636: 1635: 1633: 1629: 1623: 1620: 1618: 1615: 1613: 1610: 1608: 1605: 1603: 1600: 1598: 1595: 1593: 1592:Energy policy 1590: 1588: 1585: 1583: 1580: 1579: 1577: 1575: 1571: 1565: 1562: 1560: 1557: 1555: 1552: 1550: 1549:Corporate law 1547: 1545: 1542: 1540: 1537: 1535: 1532: 1531: 1529: 1525: 1518: 1515: 1513: 1509: 1506: 1504: 1501: 1499: 1496: 1494: 1491: 1490: 1488: 1484: 1478: 1475: 1473: 1470: 1468: 1465: 1463: 1460: 1457: 1453: 1450: 1448: 1445: 1444: 1442: 1440: 1436: 1430: 1427: 1423: 1420: 1419: 1418: 1415: 1413: 1410: 1408: 1405: 1403: 1400: 1398: 1395: 1393: 1390: 1388: 1387:Manufacturing 1385: 1383: 1380: 1378: 1375: 1373: 1370: 1368: 1365: 1364: 1362: 1358: 1352: 1349: 1347: 1344: 1342: 1339: 1337: 1334: 1332: 1329: 1327: 1324: 1322: 1319: 1318: 1316: 1312: 1306: 1303: 1302: 1300: 1296: 1290: 1287: 1285: 1284:Privatisation 1282: 1280: 1277: 1275: 1272: 1270: 1267: 1265: 1262: 1260: 1257: 1256: 1254: 1250: 1246: 1239: 1234: 1232: 1227: 1225: 1220: 1219: 1216: 1210: 1207: 1204: 1203: 1198: 1196: 1193: 1192: 1182: 1180: 1174: 1168: 1163: 1157: 1152: 1136: 1132: 1125: 1123: 1103: 1097: 1091: 1087: 1084: 1078: 1062: 1058: 1052: 1045: 1041: 1038: 1037:MYEFO 2014–15 1033: 1027: 1021: 1015: 1010: 994: 988: 972: 968: 962: 947: 940: 924: 920: 914: 898: 894: 888: 872: 866: 864: 857: 851: 835: 829: 821: 815: 807: 801: 782: 775: 769: 762: 757: 741: 737: 731: 715: 709: 693: 687: 685: 680: 671: 668: 666: 663: 661: 658: 657: 653: 647: 642: 639: 628: 621: 619: 614: 612: 608: 604: 600: 596: 593: 587: 579: 577: 572: 570: 566: 561: 551: 547: 544: 539: 537: 532: 522: 518: 516: 512: 507: 504: 503:Bill Mitchell 500: 494: 492: 488: 484: 473: 471: 467: 462: 460: 456: 451: 449: 445: 441: 436: 430: 428: 424: 419: 416: 415:macroeconomic 412: 408: 404: 400: 374: 10 year 368: 20 year 362: 30 year 355: 346: 342: 338: 332: 329: 328: 324: 318: 315: 314: 310: 304: 301: 300: 296: 293: 290: 287: 286: 282: 279: 276: 273: 272: 268: 265: 262: 259: 258: 254: 251: 248: 245: 244: 240: 237: 234: 231: 230: 226: 223: 220: 217: 216: 212: 209: 206: 203: 202: 198: 192: 189: 188: 184: 178: 175: 174: 170: 164: 161: 160: 156: 150: 147: 146: 142: 136: 133: 132: 128: 122: 119: 118: 115: 109: 106: 105: 101: 95: 92: 91: 87: 81: 78: 77: 73: 67: 64: 63: 60:share of GDP 57: 48: 39: 35: 32: 31: 26: 23: 22: 21: 19: 2739:Bibliography 2626:Architecture 2583:Prostitution 2566:Demographics 2531:Homelessness 2430:Reserve Bank 2244:Conservatism 2218: 2192:Constitution 2160:Human rights 2118:Constitution 2069:Subdivisions 1850:Bibliography 1776: 1764: 1637: 1564:Reserve Bank 1200: 1178: 1173: 1162: 1151: 1139:. Retrieved 1134: 1109:. Retrieved 1096: 1077: 1065:. Retrieved 1061:the original 1051: 1032: 1020: 1009: 997:. Retrieved 987: 975:. Retrieved 971:the original 961: 949:. Retrieved 939: 927:. Retrieved 923:the original 913: 901:. Retrieved 897:the original 887: 875:. Retrieved 850: 838:. Retrieved 828: 814: 800: 788:. Retrieved 781:the original 768: 756: 744:. Retrieved 740:the original 730: 718:. Retrieved 708: 696:. Retrieved 617: 615: 588: 585: 582:Debt ceiling 573: 557: 548: 541:Australia's 540: 536:market value 528: 519: 508: 495: 479: 464:Australia's 463: 453:Australia's 452: 431: 420: 411:Loan Council 398: 396: 392: 1 year 386: 2 year 380: 5 year 347:Source: IMF 49:Debt ceiling 24: 20: 18: 2701:Anglosphere 2541:Immigration 2506:Citizenship 2373:Agriculture 2259:Nationalism 2202:Enforcement 2175:Transgender 2009:Earthquakes 1997:Environment 1931:Immigration 1860:Archaeology 1617:Solar power 1397:Real estate 1367:Agriculture 569:2018 budget 509:During the 34:Fiscal year 2768:Categories 2691:Television 2661:Literature 2546:Irreligion 2526:Healthcare 2521:Euthanasia 2501:Censorship 2308:Government 2254:Liberalism 2224:Parliament 1936:Indigenous 1926:Federation 1916:Diplomatic 1890:Since 1945 1855:Prehistory 1622:Wind power 1477:Tax return 1447:Fuel taxes 1372:Automotive 1360:Industries 1331:Queensland 999:17 October 746:2 February 676:References 599:debt limit 595:Joe Hockey 40:Gross debt 2598:Squatting 2551:Languages 2516:Education 2496:Aged care 2460:Transport 2269:Socialism 2249:Far-right 2239:Christian 2234:Anarchism 2197:Judiciary 2133:Donations 2128:Elections 2039:Mountains 1987:Continent 1965:Geography 1885:1901–1945 1880:1851–1900 1875:1788–1850 1821:Australia 1417:Transport 1382:Insurance 592:Treasurer 425:(GDP) or 37:(30 June) 2748:Category 2593:Religion 2491:Abortion 2445:Taxation 2214:Monarchy 2209:Military 2165:Intersex 2101:Politics 2082:Capitals 1946:Monarchy 1941:Military 1921:Economic 1899:By topic 1845:Timeline 1825:articles 1766:Category 1439:Taxation 1346:Tasmania 1326:Victoria 1298:Currency 1141:17 April 1111:8 August 1086:Archived 1067:8 August 1040:Archived 840:8 August 790:8 August 698:7 August 624:See also 483:treasury 2725:Outline 2696:Theatre 2686:Symbols 2651:Cuisine 2618:Culture 2479:Society 2455:Tourism 2425:Poverty 2361:Economy 2143:Parties 2044:Regions 2034:Islands 2029:Geology 2024:Forests 1992:Deserts 1977:Climate 1951:Railway 1833:History 1778:Commons 1582:Biofuel 1493:Banking 1456:dispute 1412:Tourism 1377:Fishing 1252:History 1046:, p.94. 951:7 April 929:4 April 903:7 April 877:7 April 476:History 263:101.136 249:147.123 235:191.283 221:233.968 207:257.370 193:319.479 179:368.730 165:420.412 151:500.979 137:531.937 123:541.992 110:684.298 96:816.991 82:895.253 68:889.790 58:Debt as 2753:Portal 2646:Cinema 2588:Racism 2561:People 2420:Mining 2383:Energy 2378:Dollar 2123:Courts 2113:Asylum 2087:Cities 2054:Rivers 2002:issues 1823:  1677:Unions 1574:Energy 1392:Mining 977:7 June 605:, the 390:  384:  378:  372:  366:  360:  339:12.0% 333:59.628 325:10.9% 319:60.103 311:10.0% 305:59.078 291:58.273 283:11.8% 277:60.451 269:16.7% 255:20.5% 241:24.1% 227:27.7% 213:30.6% 199:34.1% 185:37.8% 171:40.4% 157:41.0% 143:41.4% 129:41.8% 102:37.3% 88:36.5% 74:35.1% 2732:Index 2681:Sport 2676:Radio 2666:Music 2656:Dance 2608:Women 2511:Crime 2415:Media 2281:Women 2019:Fauna 2014:Flora 1422:Ports 1105:(PDF) 784:(PDF) 777:(PDF) 720:8 May 297:9.7% 2636:Arts 2345:list 2333:list 2321:list 2170:LGBT 1684:ACTU 1544:ASIC 1539:APRA 1534:ACCC 1429:Wine 1143:2020 1113:2017 1069:2017 1001:2019 979:2019 953:2019 931:2019 905:2019 879:2019 842:2017 792:2017 748:2013 722:2020 700:2019 558:The 491:AOFM 397:The 330:2004 316:2005 302:2006 288:2007 274:2008 260:2009 246:2010 232:2011 218:2012 204:2013 190:2014 176:2015 162:2016 148:2017 134:2018 120:2019 107:2020 93:2021 79:2022 65:2023 2631:Art 2187:Law 1559:FWC 266:200 252:200 238:250 224:300 210:300 53:A$ 44:A$ 2770:: 1133:. 1121:^ 862:^ 683:^ 613:. 461:. 429:. 294:75 280:75 1813:e 1806:t 1799:v 1519:) 1510:( 1458:) 1454:( 1237:e 1230:t 1223:v 1145:. 1115:. 1071:. 1003:. 981:. 955:. 933:. 907:. 881:. 844:. 794:. 750:. 724:. 702:. 336:— 322:— 308:— 196:— 182:— 168:— 154:— 140:— 126:— 113:— 99:— 85:— 71:— 51:( 42:(

Index

Fiscal year

Australian federal government
Treasury Portfolio
Loan Council
macroeconomic
Gross Domestic Product
debt-to-GDP ratio
government debt
Australian Government Future Fund
Reserve Bank of Australia
Economic crisis of 2008
net international investment liability position
Australian Bureau of Statistics
bond credit rating
credit rating agencies
treasury
Reserve Bank of Australia
AOFM
primary dealers
Bill Mitchell
Howard government
financial risks
International Monetary Fund
market value
net government debt as percentage of GDP
federal budget
2017 federal budget
2018 budget
COVID-19 pandemic

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.

↑