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Flagpost is a blog on current issues of interest to members of the Australian Parliament

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Bumping its head on the ceiling - the US Treasury and extraordinary measures

The US Government debt ceiling is currently suspended, but will be re-instated on 8 February 2014 (Saturday). When the debt ceiling is reached, the US Treasury will once again face a situation where it has two conflicting objectives – to honour the US Government’s financial commitments, and to not issue new debt. A small number of ‘extraordinary measures’ can be used in the short term, but they aren’t sustainable solutions. The temporary ‘headroom’ they ... Read more...

Australia's current debt position - December 2013 update

Here we present a snapshot of Australia’s current debt position and how it has changed since the previously published articles on Australia’s debt position. This update provides the latest available data on Australia’s level of debt for both the public and private sectors in gross and net terms, and compares it with previously published data. For definitions of gross and net debt the reader is referred to the Library’s earlier Flagpost titled Australia’s current debt position from April 2011.Cha... Read more...

Has the United Kingdom sold their student debt?

On a recent Q&A program Education Minister Christopher Pyne, in response to a question about selling HECS debt, stated: ‘Britain have sold their HECS debt as an asset and we should investigate whether that is a sensible move for us to do so.’ This Flag Post looks at the UK experience of selling some of their student loan; of a 2007 proposal to sell more that did not proceed and of recent proposals to again sell part of their student debt asset.Pre 1998 debtThe UK Labour Government introduced... Read more...

Australia's current debt position - update June 2013

This Flagpost article aims to present Australia’s current debt position and how it has changed since prior Flagposts on Australia’s debt position. This Flagpost updates the latest available data on Australia’s level of debt for both the public and private sectors in gross and net terms, and compares it with previously published data. For definitions of gross and net debt the reader is referred to the Library’s earlier Flagpost titled Australia’s current debt positio... Read more...

Australia’s current debt position – update December 2012

In recent times a lot has been spoken about Australia’s debt level. It has been a major political issue since the lead up to the last federal election and at times has dominated the political arena. This article updates data published in earlier FlagPosts which reported on Australia’s current debt position at the time they were published. I therefore intend in this article to report the latest available data on Australia’s level of debt for both the public and private sectors i... Read more...

Australia’s current debt position – update July 2012

In recent times a lot has been spoken about Australia’s debt level. This was no more evident than in the lead up to the last Federal election where it seemed to dominate debate. This article updates the data published in an earlier FlagPost titled Australia’s current debt position. I therefore intend in this article to report the latest available data on Australia’s level of debt for both the public and private sectors in gross and net terms. For more information on gross and n... Read more...

Australia's current debt position

The Parliamentary Library has published an update on Australia’s debt levels—please see Australia’s current debt position – update July 2012.In recent times a lot has been spoken about Australia’s level of debt. This was no more evident than in the lead up to the last Federal election where it seemed to dominate debate. Terms like net and gross debt were thrown around with no real understanding of what these terms actually mean. Therefore, in this article I aim to not only report on Australia’s ... Read more...

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