Australia General Government: Gross Financial Liabilities

Australia General Government: Gross Financial Liabilities data was reported at 1,934.313 AUD bn in 2027. This records an increase from the previous number of 1,816.005 AUD bn for 2026. Australia General Government: Gross Financial Liabilities data is updated yearly, averaging 196.600 AUD bn from Dec 1989 (Median) to 2027, with 39 observations. The data reached an all-time high of 1,934.313 AUD bn in 2027 and a record low of 98.120 AUD bn in 1989. Australia General Government: Gross Financial Liabilities data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: Government Accounts: General Government: Forecast: OECD Member: Annual. GGFL - General government gross financial liabilitiesData refer to the general government sector, which is a consolidation of accounts for the central, state and local government plus social security Consolidated, current prices, domestic currency; According to SNA2008. ABS data include unfunded portions of government employee superannuation plans on its government balance on the basis that unfunded liabilities are explicitly recognised by governments in their balance sheets due to the contractual provisions contained in the underlying superannuation legislation. The OECD figures are adjusted by subtracting the unfunded pension liabilities from the national data for government debt. Government employee superannuation liabilities that are funded are not separately identified in the statistics although there is a shift towards fully funding emerging liabilities and putting aside accelerated contributions to eliminate existing liabilities completely over a 20 to 30 year period. Data on financial assets exclude shares and holdings in public corporations. The government's equity participation in businesses is not included in government financial assets. Data since 1993 also exclude State Central Borrowing Authorities, which has been transferred from the general government sector to the public financial enterprise sector.

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