Australia | Claims on central government (annual growth as % of broad money)

Claims on central government (IFS line 32AN..ZK) include loans to central government institutions net of deposits. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: The banking system's assets include its net foreign assets and net domestic credit. Net domestic credit includes credit extended to the private sector and general government and credit extended to the nonfinancial public sector in the form of investments in short- and long-term government securities and loans to state enterprises; liabilities to the public and private sectors in the form of deposits with the banking system are netted out. Net domestic credit also includes credit to banking and nonbank financial institutions. Domestic credit is the main vehicle through which changes in the money supply are regulated, with central bank lending to the government often playing the most important role. The central bank can regulate lending to the private sector in several ways - for example, by adjusting the cost of the refinancing facilities it provides to banks, by changing market interest rates through open market operations, or by controlling the availability of credit through changes in the reserve requirements imposed on banks and ceilings on the credit provided by banks to the private sector.
Publisher
The World Bank
Origin
Commonwealth of Australia
Records
63
Source
Australia | Claims on central government (annual growth as % of broad money)
1960
1961 2.0812901
1962 2.00065168
1963 1.17419933
1964 3.5400894
1965 1.25997359
1966 1.62690477
1967 1.90789542
1968 0.56658576
1969 2.73725706
1970 -0.153162
1971 -2.63703984
1972 5.18888119
1973 1.3345751
1974 2.22249098
1975 11.25739836
1976 4.11676067
1977 -1.27700977
1978 1.95097581
1979 4.47822405
1980 4.40785667
1981 1.65650694
1982 -4.12901053
1983 3.69517356
1984 1.65811418
1985 5.50152835
1986 4.64951302
1987 1.28390145
1988 -0.99417401
1989 1.00801123
1990 -2.76359666
1991 1.53001283
1992 4.78758397
1993 1.06571485
1994 -0.38238966
1995 0.42438491
1996 3.22355567
1997 -5.04743378
1998 0.52347955
1999 -2.87318034
2000 -1.83686734
2001 -3.67121282
2002 0.55975599
2003 -2.04096799
2004 0.22861021
2005 -1.05551496
2006 -1.7451091
2007 1.39135766
2008 -0.2248823
2009 1.0102528
2010 1.11804657
2011 -0.61260325
2012 0.32503389
2013 -0.0847893
2014 0.61773733
2015 0.71986486
2016 1.48222239
2017 0.03058255
2018 1.42225946
2019 1.88853
2020 2.29494862
2021 4.82489291
2022 -1.54549563

Australia | Claims on central government (annual growth as % of broad money)

Claims on central government (IFS line 32AN..ZK) include loans to central government institutions net of deposits. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: The banking system's assets include its net foreign assets and net domestic credit. Net domestic credit includes credit extended to the private sector and general government and credit extended to the nonfinancial public sector in the form of investments in short- and long-term government securities and loans to state enterprises; liabilities to the public and private sectors in the form of deposits with the banking system are netted out. Net domestic credit also includes credit to banking and nonbank financial institutions. Domestic credit is the main vehicle through which changes in the money supply are regulated, with central bank lending to the government often playing the most important role. The central bank can regulate lending to the private sector in several ways - for example, by adjusting the cost of the refinancing facilities it provides to banks, by changing market interest rates through open market operations, or by controlling the availability of credit through changes in the reserve requirements imposed on banks and ceilings on the credit provided by banks to the private sector.
Publisher
The World Bank
Origin
Commonwealth of Australia
Records
63
Source