Australia’s foreign borrowing addiction

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By Leith van Onselen

The Reserve Bank of Australia (RBA) has released its latest chart pack, which illustrates the growing addiction of Australian businesses and governments to offshore funding.

First, the below chart shows the explosion of bonds on issue, broken-out by the different sectors:

ScreenHunter_11367 Feb. 04 10.05

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.