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Debt, the Budget and the balance sheet

Author

Listed:
  • David Woods

    (Treasury, Government of Australia)

  • Michael Xanthis

    (Treasury, Government of Australia)

Abstract

Understanding the relationship between the budget and the balance sheet, and the impact of debt on both, is critical in assessing fiscal sustainability. This paper briefly describes the concepts of debt and the cost of servicing debt that are reported in the budget papers.

Suggested Citation

  • David Woods & Michael Xanthis, 2011. "Debt, the Budget and the balance sheet," Economic Roundup, The Treasury, Australian Government, issue 4, pages 1-14, December.
    • Handle: RePEc:tsy:journl:journl_tsy_er_2011_4_1
    as

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    File URL: http://www.treasury.gov.au/~/media/Treasury/Publications%20and%20Media/Publications/2011/Economic%20roundup%20issue%204/Downloads/01_debt.ashx
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    File URL: http://www.treasury.gov.au/PublicationsAndMedia/Publications/2011/Economic-Roundup-Issue-4/Report/Debt-the-Budget-and-the-balance-sheet
    Download Restriction: no
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    More about this item

    Keywords

    budget;

    JEL classification:

    • H00 - Public Economics - - General - - - General
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems

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