Australia: Information Note on Fiscal Data

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 375

Publication date: October 2006

ISBN: 9781451802122

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Money and Monetary Policy , Business and Economics - Statistics , ISCR , CR , nonfinancial asset , financial asset , cash , GFSM , statement , cash inflow , net acquisition , financial assets category , incurrence of liability , acquisition of financial assets , net incurrence , net lending , Currencies , Financial statements , Government finance statistics , Stocks

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Summary

The Australian government registered strong financial performance during the period under review. There was an increase in net worth owing to transactions, as measured by the net operating balance (NOB). These resources enabled the government to reduce its net liabilities and, to a lesser extent, acquire financial assets on a net basis. The Australia pilot study is considered a point of reference for other pilot studies implementing the Government Finance Statistics Manual 2001 framework, as a means of strengthening fiscal analysis.