Debts, deficits and surpluses

In the wake of Australia's austerity budget you may be wondering how Australia's government debt compares with the debt of other countries. According to The Wall Street Journal it's comparatively low.



Other sources have slightly different figures, but the same relative position. See Trading Economics, Wikipedia and the CIA World Factbook.

Amongst countries with S & P's top AAA credit rating Australia's debt to GDP ratio is second lowest after Hong Kong.

If this hasn't bored you yet then a great deal more information can be gleaned by listening carefully to the Balancing Budgets podcast from Rear Vision.