From debt to eternity

S. Davidson
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Abstract

This paper documents the increase in Australian public debt since 2007-In that year, gross public debt had a face value of $55 billion, while net debt was negative- It is not surprising that governments have since resorted to public debt to respond to a series of shocks to the Australian economy. What is surprising is that Australian policymakers have abandoned the 'old-time fiscal religion'.
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从债务到永恒
本文记录了自2007年以来澳大利亚公共债务的增长情况。在那一年,公共债务总额为550亿美元,而净债务为负。因此,各国政府利用公共债务来应对澳大利亚经济的一系列冲击也就不足为奇了。令人惊讶的是,澳大利亚的政策制定者已经放弃了“旧时代的财政宗教”。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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