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The Australian Office of Financial Management is the agency managing the debt of the government. Its main responsibility is to make reasonable borrowing on behalf of the Australian government.
Both IMF and OECD show the same upward trend of General Government Gross Debt to GDP from 2007 to 2016, but OECD presents every year values that are higher on average. Another difference is that, according to IMF, Government Debt is projected to grow up in 2017, nevertheless, after 2017 decline is expected, while OECD Long-term Forecast predicts Government Financial Liabilities to reduce beginning from 2017.
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World in 2020
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