Australia | Interest payments (% of expense)
Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Commonwealth of Australia
Records
63
Source
Australia | Interest payments (% of expense)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
7.61963953 1972
7.30593607 1973
6.47370343 1974
5.84471271 1975
4.90613902 1976
6.23129731 1977
6.44885591 1978
7.03474739 1979
7.0806308 1980
7.15937265 1981
7.04294119 1982
6.97328764 1983
7.62621977 1984
9.090763 1985
10.37310915 1986
10.82296976 1987
9.74560086 1988
9.14087076 1989
8.34078991 1990
6.43565385 1991
5.55711316 1992
4.88013776 1993
5.66260121 1994
6.48421053 1995
7.13911892 1996
7.25416362 1997
6.80762008 1998
7.7516327 1999
6.56836209 2000
3.45060345 2001
2.85589612 2002
2.44966963 2003
1.9592689 2004
1.81232346 2005
1.68067565 2006
1.55314498 2007
1.46349454 2008
1.43293167 2009
2.01080044 2010
2.71085236 2011
3.31370638 2012
3.28015544 2013
3.26088768 2014
3.53098149 2015
3.61331596 2016
3.56481412 2017
3.67747958 2018
3.52454192 2019
2.96202523 2020
2.57101133 2021
2.97349499 2022
Australia | Interest payments (% of expense)
Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Commonwealth of Australia
Records
63
Source