Australia : Selected Issues

1AUSEA2006002 Image
Price:  $18.00

Release Date: © October, 2006
ISBN : 978-1-45180-210-8
Stock #: 1AUSEA2006002
English
Stock Status: On back-order

Languages and formats available

EnglishFrenchSpanishArabicRussianChinesePortuguese
PaperbackYes
PDFYes
ePubYes
MobipocketYes

Description

Australia’s large external deficits appear sustainable. There are, however, risks associated with the resulting external debt that need continued careful management. These deficits, which largely reflect high investment rather than low saving, should be sustainable as long as the Australian economy, especially its exports, grow strongly. The associated accumulation of foreign liabilities nonetheless leaves the country exposed to shocks, but these risks appear to be well managed. Australia’s fiscal policy appears to be broadly consistent with guidelines for fiscal management in the face of commodity price swings.

Taxonomy

Economic policy , Fiscal policy




More publications in this series: IMF Staff Country Reports