Skip to content Skip to menu
Australian Government Coat of Arms

Budget | 2015-16

Budget 2015-16
Australian Government Coat of Arms, Budget 2015-16

Statement 6: Debt Statement, Assets and Liabilities

This statement includes the Debt Statement and information on the major assets and liabilities on the Government's balance sheet.

Overview

This statement provides information on current and projected debt on issue. The end‑of‑year face value amount of Commonwealth Government Securities on issue subject to the Treasurer's Direction is expected to be around $412 billion in 2015‑16 and is expected to increase to $518 billion in 2018‑19.

Information is also provided on the major assets and liabilities on the Government's balance sheet. The Government's total stock of assets is estimated to be around $454.7 billion in 2015‑16 and increase to $557.0 billion by the end of the forward estimates. Total liabilities are estimated to be around $716.1 billion in 2015‑16 and increase to $839.8 billion by the end of the forward estimates.

The Australian Office of Financial Management will manage further sales of the Government's residual holdings of residential mortgage‑backed securities through a regular, competitive process. Subject to market conditions, it is estimated that the portfolio could be sold down by the middle of 2016.