Claims on governments and other public entities (current LCU) in Australia

The Claims on governments and other public entities (current LCU) in Australia was reported at 74924260282.30 in 2008, according to the World Bank. Claims on governments and other public entities (IFS line 32an + 32b + 32bx + 32c) usually comprise direct credit for specific purposes such as financing of the government budget deficit or loans to state enterprises, advances against future credit authorizations, and purchases of treasury bills and bonds, net of deposits by the public sector. Public sector deposits with the banking system also include sinking funds for the service of debt and temporary deposits of government revenues. Data are in current local currency.This page includes a historical data chart, news and forecasts for Claims on governments and other public entities (current LCU) in Australia. Australia's economy is dominated by its services sector, yet its economic success is based on abundance of agricultural and mineral resources. Australia's comparative advantage in the export of primary products is a reflection of the natural wealth of the Australian continent and its small domestic market. The country is a major regional financial centre and a vital component of the global financial system.

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