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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 estimated and projected Government net debt. Net debt is expected to be $326.0 billion (18.9 per cent of GDP) in 2016‑17. Net debt is projected to peak at 19.2 per cent of GDP in 2017‑18, before declining over the medium term to a projected 9.1 per cent of GDP ($264 billion) in 2026-27.

The end-of-year face value of Commonwealth Government Securities (CGS) on issue subject to the Treasurer's Direction is expected to be $497 billion in 2016‑17 and is expected to increase to $581 billion in 2019-20. By the end of the medium term (2026‑27) the total face value of CGS on issue is projected to rise to $640 billion.

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 $509.6 billion in 2016‑17 and increase to $593.1 billion by the end of the forward estimates. Total liabilities are estimated to be $810.6 billion in 2016‑17 and increase to $909.2 billion by the end of the forward estimates.