Headline Cash Balance* * Following recent changes in the Australian National Accounts Standards, the underlying and headline cash balance estimates in the chart from 1998-99 onwards include payments by the Commonwealth in respect of accumulated PTE superannuation liabilities.
Commonwealth State Corporate CGL Market Outstandings
Role of the Australian Office of Financial Management
AOFM AOFM established 1 July 1999 Debt management responsibility Prudent Sovereign Debt manager
AOFM Australia among the leaders in the OECD in pursuing a complementary focus on reform of public sector financial management –Charter of Budget Honesty –Accrual budgeting, reporting and accounting
AOFM sovereign debt management is a business exposed to a variety of financial risks –fiduciary responsibility to taxpayers critical distinctions between sovereign and corporate sector