Public sector overseas borrowing policy in the seventies
Date
1986
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De Salis, Anne M
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Up until the seventies, the Commonwealth's post-war overseas borrowing policy was generally considered to be a technical matter best left to the Government's economic experts. Public capital inflow remained relatively unimportant during this period as private capital inflow alone more or less offset Australia's current account deficit and provided the required additional resources for development. In such an environment, the primary objective of official overseas borrowing policy was to provide a relatively continuous but very modest addition to Australia's resources.
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