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Economics Unit 4 AOS 1 - Content > KK14 - Budget Outcome and government (public) debt > Flashcards

KK14 - Budget Outcome and government (public) debt Flashcards

1
Q

Public Debt

A

-The amount of money that is owed to other entities from past government borrowings
-Increased by deficit
-Decreased by surplus

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2
Q

Net Debt

A

Public Debt

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3
Q

Gross Debt

A

Public debt with interest paid taken into account - Measures the face value of the Australian government securities on issue

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Economics Unit 4 AOS 1 - Content (17 decks)

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