In 2021, general government net debt for Australia was 752 billion LCU. General government net debt of Australia increased from 22 billion LCU in 2002 to 752 billion LCU in 2021 growing at an average annual rate of 29.34%.
The description is composed by our digital data assistant.Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable.receivable.
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