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Australia's net government debt as percentage of GDP in the 2016–17 budget was estimated at 18.9% ($326.0 billion); much lower than most developed countries. [ 19] The budget forecasted that net government debt would increase to $346.8 and $356.4 billion in 2017–18 and 2018–19 respectively.
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
North American Free Trade Agreement's impact on United States employment has been the object of ongoing debate since the 1994 inception of the North American Free Trade Agreement (NAFTA) with Canada and Mexico. NAFTA's proponents believe that more jobs were ultimately created in the USA. Opponents see the agreements as having been costly to ...
2019 Fortune list. This list displays all seven Australian companies in the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in millions of US dollars and are for the fiscal year 2018. [ 1] Also listed are the headquarters location, net profit, number of employees worldwide and ...
Job seekers have been calling the shots for nearly four years as employers struggled to fill millions of openings to meet an onslaught of demand coming out of the pandemic.
Australia's economy is strongly intertwined with the countries of Eastand Southeast Asia, also known as ASEAN Plus Three(APT), accounting for about 64% of exports in 2016.[46] China in particular is Australia's main export and import partner by a wide margin.[47] Australia is a member of the APEC, G20, OECDand WTO.
Few figures are as obsessed over as the unemployment rate. Today, economists and pundits are falling over each other to dissect the meaning of May's slight uptick to 7.6 percent. But there are a ...
The 1975 Australian constitutional crisis, also known simply as the Dismissal, culminated on 11 November 1975 with the dismissal from office of the prime minister, Gough Whitlam of the Australian Labor Party (ALP), by Sir John Kerr, the Governor-General who then commissioned the leader of the Opposition, Malcolm Fraser of the Liberal Party, as prime minister.
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