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Explore the 2012 data on Public Sector Net Debt as a percentage of GDP for industrialized nations. Analyze the 2014-15 budget, with improved underlying cash balance but increased deficits. Who benefits and who suffers in this fiscal scenario?
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How do we compare? Selected Industrial Nations Public Sector Net Debt as a Percentage of GDP (2012)
The 2014-15 Budget • The 2014-15 underlying cash balance has been reduced from a deficit of $ 49.9 billion (-3.1% of GDP) in 2013-14 to a $29.8 billion deficit (-1.8% of GDP)