Australian government debt: Difference between revisions
About government debt |
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:''Throughout this article, the unqualified term "dollar" and the $ symbol refer to the [[Australian dollar]].''<!-- Disclaimer is as per Wikipedia:Manual of Style (dates and numbers) #Currency --> |
:''Throughout this article, the unqualified term "dollar" and the $ symbol refer to the [[Australian dollar]].''<!-- Disclaimer is as per Wikipedia:Manual of Style (dates and numbers) #Currency --> |
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The Australian government had a [[budget deficit]] of $54.8 billion in 2009-10.<ref>http://www.theaustralian.com.au/national-affairs/treasury/budget-deficit-of-548-billion-for-200910-is-smaller-than-expected/story-fn59nsif-1225928756092</ref> The result was |
The Australian government had a [[budget deficit]] of $54.8 billion in 2009-10.<ref>http://www.theaustralian.com.au/national-affairs/treasury/budget-deficit-of-548-billion-for-200910-is-smaller-than-expected/story-fn59nsif-1225928756092</ref> The result was A$2.3 billion improvement on the $57.1 billion deficit estimated at the time of the May budget.<ref>http://www.theaustralian.com.au/national-affairs/treasury/budget-deficit-of-548-billion-for-200910-is-smaller-than-expected/story-fn59nsif-1225928756092</ref> |
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==Total debt== |
==Total debt== |
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Wayne Swan released the 2010-11 Mid-Year Economic and Fiscal Outlook (MYEFO). The MYEFO forecast slightly stronger growth, falling unemployment and rising inflation next year, while the Budget deficit for 2010-11 was projected to increase from a previously stated $40.8bn to $41.5bn. The surplus for 2013-14 is now projected to be lower at $3.3bn and net debt is now expected to peak at 6.4 per cent of GDP in 2011-12. |
Wayne Swan released the 2010-11 Mid-Year Economic and Fiscal Outlook (MYEFO). The MYEFO forecast slightly stronger growth, falling unemployment and rising inflation next year, while the Budget deficit for 2010-11 was projected to increase from a previously stated $40.8bn to $41.5bn. The surplus for 2013-14 is now projected to be lower at $3.3bn and net debt is now expected to peak at 6.4 per cent of GDP in 2011-12. |
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The Gross Australian federal debt as at 30 September 2011 was |
The Gross Australian federal debt as at 30 September 2011 was A$208.992 billion, with a net debt position of $80 billion, or 6% of GDP. [Total Commonwealth Government Securities on Issue] [[Australian federal budget]].<ref>http://www.theage.com.au/business/federal-budget/federal-debt-tipped-to-come-in-100b-lower-20100507-ujfi.html</ref> |
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==See also== |
==See also== |
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Revision as of 13:51, 3 September 2012
- Throughout this article, the unqualified term "dollar" and the $ symbol refer to the Australian dollar.
The Australian government had a budget deficit of $54.8 billion in 2009-10.[1] The result was A$2.3 billion improvement on the $57.1 billion deficit estimated at the time of the May budget.[2]
Total debt
In 2009, Kevin Rudd forecast that the total federal debt would reach $300 billion by 2013.[3] In May 2010, the National Australia Bank forecast that the Australian national debt would peak at $190 billion in June 2013, based upon improving economic conditions since the 2009 budget predictions.[4]
Wayne Swan released the 2010-11 Mid-Year Economic and Fiscal Outlook (MYEFO). The MYEFO forecast slightly stronger growth, falling unemployment and rising inflation next year, while the Budget deficit for 2010-11 was projected to increase from a previously stated $40.8bn to $41.5bn. The surplus for 2013-14 is now projected to be lower at $3.3bn and net debt is now expected to peak at 6.4 per cent of GDP in 2011-12.
The Gross Australian federal debt as at 30 September 2011 was A$208.992 billion, with a net debt position of $80 billion, or 6% of GDP. [Total Commonwealth Government Securities on Issue] Australian federal budget.[5]
See also
General:
References
- ^ http://www.theaustralian.com.au/national-affairs/treasury/budget-deficit-of-548-billion-for-200910-is-smaller-than-expected/story-fn59nsif-1225928756092
- ^ http://www.theaustralian.com.au/national-affairs/treasury/budget-deficit-of-548-billion-for-200910-is-smaller-than-expected/story-fn59nsif-1225928756092
- ^ http://www.perthnow.com.au/business/rudd-admits-national-debt-will-sink-to-300b/story-e6frg2qc-1225714006298
- ^ http://www.theage.com.au/business/federal-budget/federal-debt-tipped-to-come-in-100b-lower-20100507-ujfi.html
- ^ http://www.theage.com.au/business/federal-budget/federal-debt-tipped-to-come-in-100b-lower-20100507-ujfi.html
External links
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