Zniw twoim jedynym argumentem a oszczerstwa na twych
adwersarzy. A faktem jest, ze AUD leci w dol,
chocby ze wzgledu na olbrzymi deficytrachunku biezacego
i rekordowy dlug zagraniczny Australii!
Jak podaje The Age, deficyt rachunku biezacego Australii przekroczyl
50 miliardow AUD (ok. 40 miliardow USD), innymi slowy dlug zagraniczny
Australii zwiekszyl sie w tym roku o 50 mld AUD, i przekroczyl 400 mld
AUD (ok. 320 mld USD), czyli iz kazdy Asutralijczyk ma teraz
dlug wobec zagranicy w wysokosci ok. 20 tys. AUD (ok. 16 tys. USD
albo 50 tys. PLN) - na przecietna rodzine wynosi to pomiedzy
150 a 200 tys. PLN. Jako procent PKB to jest wiecej, niz za czasow
Keatinga, ktory 18 lat temu ostrzegal, ze glownie dzieki temu
zadluzeniu, Australia staje sie powoli bananowa republika.
Australia produkuje takze banany, ale utrzymuje sie z eksportu
wegla i rud metali do Azji, importujac praktycznie wszystkie
potrzebne wyroby przemyslowe i technologie, stad ten olbrzymi
dlug, bo w dlugim okresie czasu ceny surowcow (poza ropa)
maleja, a ceny wyrobow przemyslowych i know how rosna. Stad Australia
to obecnie typowy kraj III swiata, z olbrzymim dlugiem zagranicznym,
eksportujacy glownie surowce, a utrzymujacy swoj zbyt
wysoki standard zycia poprzez coraz to nowe pozyczki...
Record blow-out in nation's debt
By Josh Gordon, Economics Correspondent, Caberra, November 30, 2004
Related Trend: Current account deficit
Australia's annual current account deficit has blown out to a record $50
billion as consumers suck in huge volumes of imports and the banks borrow
furiously from foreigners to feed the nation's debt boom. he trade and cash
deficit with the rest of the world swelled by 16 per cent during the September
quarter to $13.7 billion, the worst quarterly figure ever recorded.
The latest current account deficit was larger, as a percentage of the economy,
than when former treasurer Paul Keating famously warned 18years ago that the
nation was in danger of becoming a banana republic. Ad for the first time
ever, foreign debt has topped $400 billion. By the end of September, Australia
owed foreign lenders a net $406.2 billion - equivalent to more than $20,000
for every man, woman and child.
About 77 cents of every dollar of debt was borrowed by private-sector
financial institutions, which have been using the money largely to finance the
housing boom. Australia's current account deficit as a proportion of the
economy is now higher than in the United States, where investors are
offloading US dollars on concerns that the situation is not sustainable. But
Treasurer Peter Costello shrugged off the current account blow-out, saying it
had been caused primarily by the resurgent dollar, which ended the day
slightly lower at about 78.7 US cents. "One of the things that is undoubtedly
challenging Australia's exports at the moment is the level of the dollar,
which is currently about 10 cents higher than its post-float average," Mr
Costello told Parliament.
But with imports growing almost three times faster than exports, economists
warned that the run of huge deficits and high levels of foreign debt could not
go on forever, suggesting that at some point the economy would have to slow.
CommSec chief economist Craig James said: "The risk is that if Australian
external debt continues to soar, foreigners will want some additional
inducement to place their funds Down Under. "That typically means either a
weaker currency, higher interest rates or both."
He said the deficit would stop the dollar hitting 80 US cents, providing some
relief to exporters who preferred a lower dollar. But the result is expected
to shave 0.8 percentage points from economic growth figures due tomorrow.
Despite the poor current account figures, the Australian sharemarket continued
on its record-breaking run yesterday, with the All Ordinaries index hitting a
record high of 3943 before retreating slightly at the close of trading.
During the latest quarter, consumers continued to spend up big on imported
products such as computers and cars, while exports of Australian-made products
continued to languish, down by 2.5 per cent.
Manufacturers have blamed a lack of infrastructure, while the Productivity
Commission recently called for a new wave of reforms to lift productivity.
However, in a sign of the recent boom run for companies, imports of capital
goods used for business investment grew by 3 per cent during the September
The Bureau of Statistics also reported that company profits grew by a robust
3.6 per cent during the quarter.
Opposition treasury spokesman Wayne Swan pounced on a warning by the
International Monetary Fund that Australia's high current account deficit and
foreign debt could cause problems for the economy. "These two figures also
demonstrate how irresponsible the Government's recent $66 billion spending
spree was during the election campaign," Mr Swan said.