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4.5.3 Public sector finances

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Question 14

Figure 1: Australia federal government net debt as a percentage of GDP

YearNet debt (% of GDP)
20106.1
201210.0
201414.2
201618.2
201817.5
202024.8
202234.5
202428.3

Figure 2: Australia federal fiscal balance (AUD $ billion)

(Note: negative values represent a deficit, positive values represent a surplus)

YearFiscal Balance (AUD $ billion)
2010-54.5
2012-43.4
2014-48.5
2016-32.1
2018-12.4
2020-85.3
2022-134.2
2024+22.1

With reference to Figures 1 and 2 and your own economic knowledge, examine the relationship between Australia's federal government net debt as a percentage of GDP and the federal fiscal balance.

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4.5.3 Public sector finances Questions

  1. A Level
  2. /Economics
  3. /4.5.3 Public sector finances