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10 cards from this deck
Sustainable current account, managing foreign liabilities, stable currency
CADs from private decisions, not govt failures; no intervention needed
Temporary impact, attracts capital inflows, worsens net primary income
Balanced/surplus budgets over cycle; reduces govt call on savings
11% (July 2023), 11.5% (July 2024), 12% (July 2025)
Boosts national savings, funds invest overseas, improves net income
Targets root causes, improves competitiveness, lasting improvements
2–3%
Govt guaranteed all private borrowings of Australian banks (2008)
Shifted from deficit to surplus (savings exceeded investment)
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