Private sector external debt decisions have, in fact, impinged on fiscal management and balance sheets of official sector in several ways in the context of recent crises. Thus, an important policy aspect is the question of whether and how the official sector should take account of the maturity and currency mismatches of the private sector in structuring its own foreign assets and liabilities.
Conclusion As a physically large country, with quite a diverse set of industries, and our largest population centres separated by long distances and even living in different climates, Australia is always likely to see some differences in economic experience by region. What is remarkable, in fact, is that the differences are not, in the end, larger.