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[adidasboy]

Can someone please explain the role of the Public Sector Underlying Balance in the Australian economy? Is there another name for this? I can't seem to find it in my economics book.

Also, what are the current national savings levels?

Thank you in advance.

 

[z600]

Public sector underlying balance (AKA underlying balance)-the underlying cash outcome is calculated as total revenue minus total outlays and net advances (ie it is excluding asset sales and other one off payments)

Houshold savings rate is currently at +1.3% but this is stats dating from March 08