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A history of public debt in Australia


  • Katrina Di Marco

    (Treasury, Government of Australia)

  • Mitchell Pirie

    (Treasury, Government of Australia)

  • Wilson Au-Yeung

    (Treasury, Government of Australia)


Understanding debt and its historical trends is important, as the level of debt provides one measure of the strength of public finances. Levels of public sector borrowing fluctuate in line with the economic cycle and the budget position. This paper briefly describes the various measures of debt and trends in government borrowing.

Suggested Citation

  • Katrina Di Marco & Mitchell Pirie & Wilson Au-Yeung, 2009. "A history of public debt in Australia," Economic Roundup, The Treasury, Australian Government, issue 1, pages 1-15, March.
  • Handle: RePEc:tsy:journl:journl_tsy_er_2009_1_1

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    Cited by:

    1. Chris Aulich & Mark Hughes, 2013. "Privatizing Australian Airports: Ownership, Divestment and Financial Performance," Public Organization Review, Springer, vol. 13(2), pages 175-184, June.

    More about this item


    fiscal balance; public debt; sovereign debt;

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt


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