Yesterday, the Treasurer and the Minister for Finance released the Final Budget Outcome for 2011-12. Some charts from the report follow.
First, the cash accounting charts ... (and a quick point of clarification 3e+05 = 300,000 - ie. receipts over the past two financial years exceeded $300 billion).
In accrual terms ...
And moving from annual to cumulative, net debt ... record breaking in nominal dollar terms ... but some way to go as a proportion of GDP.