Statement of Borrowings

as at 30 June 2008

Statement of Borrowings as at 30 June 2008
Forecast			Actual
Original Budget $m	Estimated Actuals $m		30 June 2008 $m	30 June 2007 $m
		Borrowings
17,732	18,683	Government stock[1]	18,516	15,778
2,786	1,389	Treasury bills	1,484	2,098
358	386	Government retail stock	423	364
7,523	7,465	Settlement deposits with Reserve Bank	7,750	7,507
300	780	Derivatives in loss[2]	1,591	1,126
958	1,251	Finance lease liabilities	955	954
16,707	15,592	Other borrowings	15,391	14,071
46,364	45,546	Total borrowings[3]	46,110	41,898
33,167	32,912	Sovereign-guaranteed debt[4]	33,192	31,163
13,197	12,634	Non-sovereign debt	12,918	10,735
46,364	45,546	Total borrowings[3]	46,110	41,898

[1]Government stock includes $295 million of infrastructure bonds.
[2]Derivatives are included in either borrowings or marketable securities depending on their gain or loss position at balance date. This treatment leads to fluctuations in individual items within the Statement of Borrowings, primarily due to exchange rate movements.
[3]Total Borrowings (Gross Debt) is the total borrowings (both sovereign-guaranteed and non-sovereign guaranteed) of the total Crown. This equates to the amount in the total Crown balance sheet and represents the complete picture of whole-of-Crown debt obligations to external parties.
[4]Total Borrowings (Gross Debt) can be split into sovereign-guaranteed and non-sovereign-guaranteed debt. This split reflects the fact that borrowings by SOEs and Crown entities is not explicitly guaranteed by the Crown. No debt of SOEs and Crown entities is currently guaranteed by the Crown.

Page top

Global Navigation