Sovereign Debt Public debt is a measure of the total sum of government spending that has exceeded revenue collection over many years while the current budget deficit is a measure of today’s government spending that exceeds revenue collection. The good news is that Australia on a relative measure is tracking well in respect to both Public debt and the current budget deficit but the bad news is that the rest of the World’s developed nations are in serious to very serous trouble. This clearly highlights that if it were not for the developing World industrialising we would most likely be in the Second Great Depression. Go China, India, Brazil, Russia, South East Asia, Middle East, Latin America and Africa. At Newealth we are always looking to innovate and improve our ongoing services wherever possible and if you have any ideas or comments, please feel free to email me via ‘Contact Us’ at www.newealth.com.au or to call me on +61 2 9267 2322.
10th-June-2010 | 
