Australian National Accounts: Finance and Wealth

Latest release

National, public and private corporations, government and household financial and capital accounts, and household balance sheets.

Reference period

March 2026

Released

25/06/2026

Release date and time

25/06/2026 11:30am AEST

Key statistics

Household wealth increased by $224.9b (1.2%) to $19,211.9b.
Demand for credit was $140.0b.
Australia's net borrowing position fell by $3.5b to $18.9b this quarter.
Capital investment as a proportion of GDP increased to 25.1%.

Main features

Financing resources and investment tables

Financing resources March quarter 2026, original, current prices, $b
	Non-financial corps	Financial corps	Government	Households	Total national	Rest of world
Net saving (a)	-17.5	15.3	-10.3	26.2	13.8	25.7
plus Consumption of fixed capital	65.3	4.1	16.7	47.9	134.0	-
Gross saving	47.8	19.4	6.4	74.1	147.7	25.7
plus Net capital transfers	0.5	0.0	-3.9	3.2	-0.2	0.2
less Statistical discrepancy (b)	-	-	-	-	4.0	-
Total financing resources	48.3	19.4	2.5	77.3	143.5	25.9

Uses of financing (investment) March quarter 2026, original, current prices, $b
	Non-financial corps	Financial corps	Government	Households	Total national	Rest of world
Capital formation
	Gross fixed capital formation	82.3	4.2	25.8	55.4	167.6	-
	plus Changes in inventories	0.2	0.0	0.6	1.0	1.8	-
	plus Net acquisition of non-produced non-financial assets	-0.7	-	0.7	-	-	-
	Total capital formation	81.8	4.2	27.1	56.4	169.5	-
plus Financial investment
	Acquisition of financial assets	27.3	-101.2	33.1	54.8	-184.6	-165.8
	less Incurrence of financial liabilities	53.1	-114.7	48.1	46.4	-165.8	-184.6
	Net Financial investment (Net lending (+) / net borrowing (-))	-25.7	13.4	-15.0	8.4	-18.9	18.9
less Net errors and omissions	7.7	-1.8	9.6	-12.5	7.1	-7.1
Total investment	48.3	19.4	2.5	77.3	143.5	26.0

Financial market summary table

Financial market summary, $b
	Amounts outstanding, Dec-25	Transactions, Mar-26	Other changes, Mar-26	Amounts outstanding, Mar-26
Currency and deposits
	Currency	113.6	-2.0	-	111.6
	Transferable deposits	2,511.1	-12.8	-7.6	2,490.8
	Other deposits	1,773.9	36.4	-3.6	1,806.7
Short term debt securities
	Bills of exchange	4.6	-0.6	-	4.3
	One name paper	601.9	43.7	-3.6	641.9
Long term debt securities
	Bonds, etc.	3,767.3	113.7	-60.2	3,820.9
Derivatives
	Derivatives	703.6	-616.1	785.9	873.3
Loans and placements
	Short term	479.1	37.1	-2.4	513.7
	Long term	5,539.7	98.4	-15.1	5,623.1
Shares and other equity
	Listed	3,258.3	4.2	-99.4	3,163.2
	Unlisted	7,481.8	40.3	-111.2	7,410.8
Insurance technical reserves
	Reserves of pension funds and life	4,260.5	30.7	-111.7	4,179.6
	General insurance payments	185.5	-1.4	0.0	184.1

Flow of funds diagrams

National investment

National investment decreased by $24.0b to $169.5b in the March quarter:

General government investment decreased by $3.0b to $27.1b, driven by a decrease in gross fixed capital formation for both state and local general government and national general government.
Non-financial corporations' investment decreased by $12.3b to $81.8b, driven by a decrease in gross fixed capital formation for private non-financial corporations and a decrease in change in inventories for public non-financial corporations.
Households' investment decreased by $8.6b to $56.4b, driven by a decrease in gross fixed capital formation.

Financial investment

Australia was a net borrower of $18.9b from rest of world (ROW). The main contributors were a:

$49.3b acquisition by ROW of bonds issued by Australia
$22.2b acquisition by ROW of equity issued by Australia

Partly offset by:

$30.4b in loans borrowed by ROW

Australia's net borrowing position reflected strong ROW investment in Australian company shares, and debt securities issued by the government and banks.

Households

Households' $8.4b net lending position was due to a $54.8b acquisition of financial assets, partly offset by a $46.4b incurrence of liabilities. The acquisition of assets was driven by:

$31.1b net equity in superannuation
$21.5b in deposits

While liabilities were driven by:

$47.2b in loan borrowings

The rise in loan borrowings was driven by new loans for housing showing continued strength following the record $62.9b seen in December 2025.

General government

General government’s $15.0b net borrowing position was due to a $48.1b incurrence of liabilities, partly offset by a $33.1b acquisition of financial assets. The acquisition of assets was driven by:

$31.6b placed in deposits
$4.8b acquisition of equities

Liabilities were driven by:

$36.9b net issuance of bonds

The national general government remained in a net borrowing position for an eleventh consecutive quarter. State and territory governments continued to borrow funds from their respective central borrowing authorities to fund operating expenses and ongoing infrastructure projects.

Net financial investment (net lending (+) / borrowing (-))
	National net financial investment ($b)	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Mar-13	-10.2	-29.5	18.2	-15.5	16.6
Jun-13	-11.7	-42.4	21.2	-14.0	23.5
Sep-13	-19.2	-12.9	-20.1	-20.2	34.0
Dec-13	-12.6	-45.0	27.2	-10.9	16.0
Mar-14	-9.5	-18.0	10.2	-11.0	9.2
Jun-14	-13.7	-21.3	14.4	-10.2	3.4
Sep-14	-13.5	-13.1	-18.4	-18.4	36.4
Dec-14	-16.5	-3.2	-30.7	-10.0	27.4
Mar-15	-14.9	-21.8	1.7	-3.6	8.8
Jun-15	-22.3	-29.4	3.4	-8.4	12.0
Sep-15	-27.2	-54.6	-7.5	-15.0	49.9
Dec-15	-25.8	-35.9	1.8	-7.2	15.4
Mar-16	-18.4	-25.0	11.2	-8.8	4.2
Jun-16	-15.1	9.0	-33.3	-6.0	15.2
Sep-16	-15.1	-8.3	-2.5	-22.1	17.8
Dec-16	-8.0	1.5	-8.2	-24.1	22.8
Mar-17	-3.8	-14.6	8.0	2.2	0.5
Jun-17	-13.5	24.1	-32.9	-12.8	8.1
Sep-17	-15.9	-10.2	-10.7	-18.7	23.7
Dec-17	-19.4	-7.8	-22.9	-2.6	13.9
Mar-18	-9.5	-23.4	6.5	-0.9	8.4
Jun-18	-16.0	-10.0	-19.0	-0.2	13.2
Sep-18	-9.0	-26.6	-3.1	-18.5	39.3
Dec-18	-7.9	-6.9	3.0	-9.2	5.2
Mar-19	-5.5	-14.8	-6.7	-0.3	16.3
Jun-19	6.0	11.4	-33.6	-9.2	37.5
Sep-19	6.1	-7.8	-14.3	-22.9	51.2
Dec-19	-1.0	-13.5	6.2	-14.2	20.5
Mar-20	7.6	-12.8	10.5	-14.3	24.2
Jun-20	15.6	44.9	3.8	-89.0	55.9
Sep-20	7.7	16.5	20.8	-110.8	81.3
Dec-20	15.2	7.4	11.2	-44.9	41.5
Mar-21	15.4	-7.9	34.8	-14.6	3.2
Jun-21	23.3	18.8	8.0	-9.8	6.3
Sep-21	11.7	-31.0	29.5	-44.9	58.0
Dec-21	6.9	-7.3	15.9	-30.1	28.4
Mar-22	1.9	-40.0	37.8	-5.4	9.4
Jun-22	15.0	-3.5	29.0	-10.6	0.2
Sep-22	-10.8	-59.8	31.6	-34.5	51.9
Dec-22	9.9	6.3	-5.6	-12.5	21.7
Mar-23	2.0	-18.4	-11.4	10.3	21.4
Jun-23	5.4	13.7	-9.8	3.4	-1.9
Sep-23	-15.4	-80.1	27.4	-28.9	66.2
Dec-23	4.3	-11.8	26.5	-27.3	17.0
Mar-24	-13.4	-5.9	-10.5	-7.3	10.3
Jun-24	-19.5	-15.3	15.4	-15.1	-4.5
Sep-24	-18.5	-12.2	-29.8	-41.4	64.9
Dec-24	-21.9	-30.9	10.2	-41.3	40.2
Mar-25	-18.4	-13.2	-11.5	-20.1	26.4
Jun-25	-12.9	18.5	-9.6	-26.3	4.4
Sep-25	-39.3	-19.8	-39.0	-55.8	75.3
Dec-25	-22.4	-25.1	15.7	-44.1	31.2
Mar-26	-18.8	-25.7	13.4	-15.0	8.4

Net financial investment (net lending (+) / borrowing (-))

["","National net financial investment","Non-financial\u00a0corporations","Financial\u00a0corporations","General\u00a0government","Households"]

[["Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25","Mar-26"],[[-10.2],[-11.7],[-19.2],[-12.6],[-9.5],[-13.7],[-13.5],[-16.5],[-14.9],[-22.3],[-27.2],[-25.8],[-18.4],[-15.1],[-15.1],[-8],[-3.8],[-13.5],[-15.9],[-19.4],[-9.5],[-16],[-9],[-7.9],[-5.5],[6],[6.1],[-1],[7.6],[15.6],[7.7],[15.2],[15.4],[23.3],[11.7],[6.9],[1.9],[15],[-10.8],[9.9],[2],[5.4],[-15.4],[4.3],[-13.4],[-19.5],[-18.5],[-21.9],[-18.4],[-12.9],[-39.3],[-22.4],[-18.8]],[[-29.5],[-42.4],[-12.9],[-45],[-18],[-21.3],[-13.1],[-3.2],[-21.8],[-29.4],[-54.6],[-35.9],[-25],[9],[-8.3],[1.5],[-14.6],[24.1],[-10.2],[-7.8],[-23.4],[-10],[-26.6],[-6.9],[-14.8],[11.4],[-7.8],[-13.5],[-12.8],[44.9],[16.5],[7.4],[-7.9],[18.8],[-31],[-7.3],[-40],[-3.5],[-59.8],[6.3],[-18.4],[13.7],[-80.1],[-11.8],[-5.9],[-15.3],[-12.2],[-30.9],[-13.2],[18.5],[-19.8],[-25.1],[-25.7]],[[18.2],[21.2],[-20.1],[27.2],[10.2],[14.4],[-18.4],[-30.7],[1.7],[3.4],[-7.5],[1.8],[11.2],[-33.3],[-2.5],[-8.2],[8],[-32.9],[-10.7],[-22.9],[6.5],[-19],[-3.1],[3],[-6.7],[-33.6],[-14.3],[6.2],[10.5],[3.8],[20.8],[11.2],[34.8],[8],[29.5],[15.9],[37.8],[29],[31.6],[-5.6],[-11.4],[-9.8],[27.4],[26.5],[-10.5],[15.4],[-29.8],[10.2],[-11.5],[-9.6],[-39],[15.7],[13.4]],[[-15.5],[-14],[-20.2],[-10.9],[-11],[-10.2],[-18.4],[-10],[-3.6],[-8.4],[-15],[-7.2],[-8.8],[-6],[-22.1],[-24.1],[2.2],[-12.8],[-18.7],[-2.6],[-0.9],[-0.2],[-18.5],[-9.2],[-0.3],[-9.2],[-22.9],[-14.2],[-14.3],[-89],[-110.8],[-44.9],[-14.6],[-9.8],[-44.9],[-30.1],[-5.4],[-10.6],[-34.5],[-12.5],[10.3],[3.4],[-28.9],[-27.3],[-7.3],[-15.1],[-41.4],[-41.3],[-20.1],[-26.3],[-55.8],[-44.1],[-15]],[[16.6],[23.5],[34],[16],[9.2],[3.4],[36.4],[27.4],[8.8],[12],[49.9],[15.4],[4.2],[15.2],[17.8],[22.8],[0.5],[8.1],[23.7],[13.9],[8.4],[13.2],[39.3],[5.2],[16.3],[37.5],[51.2],[20.5],[24.2],[55.9],[81.3],[41.5],[3.2],[6.3],[58],[28.4],[9.4],[0.2],[51.9],[21.7],[21.4],[-1.9],[66.2],[17],[10.3],[-4.5],[64.9],[40.2],[26.4],[4.4],[75.3],[31.2],[8.4]]]

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Demand for credit

Demand for credit table

Demand for credit non-financial domestic sectors, $b
	Credit market outstandings, Dec-25	Demand for credit, Mar-26	Other changes, Mar-26	Credit market outstandings, Mar-26
Non-financial corporations
	Investment funds	628.7	3.1	-27.6	604.2
	Other private	5,151.0	47.8	-65.2	5,133.6
	Public	202.3	3.2	-0.7	204.8
General government
	National	908.5	33.5	-6.2	935.8
	State and local	531.0	5.4	-0.3	536.1
Households	3,253.2	47.0	-0.6	3,299.6
Total	10,674.7	140.0	-100.6	10,714.1

Demand for credit was $140.0b in the March quarter, of which:

Private non-financial businesses borrowed $47.8b
Households borrowed $47.0b
General government borrowed $38.9b

Credit market outstandings increased by $39.3b, comprised of demand for credit of $140.0b and revaluation losses of $100.6b. Holding losses on the shares of other private non-financial corporations and private non-financial investment funds were $46.7b and $26.8b respectively, reflecting falls in equity prices on the Australian Securities Exchange (ASX). Rising bond yields also resulted in holding losses on Commonwealth government bonds of $6.2b.

Other private non-financial corporations

Business credit growth remained relatively stable this quarter, supported by lending from Authorised Deposit-taking institutions (ADIs) alongside strong equity investment from the ROW in Australian companies. Business financing activity comprised of:

loan borrowings of $28.0b
equity raising of $24.4b

Partly offset by:

corporate bond net maturities of $5.3b

General government

Commonwealth government demand for credit was driven by increased issuance in treasury bonds, partially offset by net maturities of treasury notes. State and local general government demand for credit was driven by an increase in loans from central borrowing authorities.

General government financing activity comprised:

$33.9b in net issuance of bonds and one name paper by national general government
$4.3b in loan borrowings by state and local general government

Households

Household demand for credit continued to be supported by strength in housing loans across both owner-occupiers and investors. Household short-term loan borrowings decreased in line with seasonally lower consumer spending in March quarters. Households borrowed:

$47.6b in long-term loans

Partly offset by a:

net repayment of $0.5b in short-term loans.

Demand for credit by sector
	Private non-financial businesses ($b)	Households ($b)	General government ($b)	Other ($b)
Mar-13	24.8	12.3	8.6	1.3
Jun-13	37.4	28.8	-6.2	5.0
Sep-13	26.1	3.7	28.9	-0.3
Dec-13	38.6	32.5	22.5	9.4
Mar-14	7.9	18.7	20.1	0.0
Jun-14	32.3	36.1	6.9	8.7
Sep-14	33.6	13.6	24.2	-6.1
Dec-14	35.4	26.8	8.9	3.1
Mar-15	43.2	25.1	16.1	7.4
Jun-15	27.0	39.3	5.3	11.8
Sep-15	39.7	12.3	36.4	3.8
Dec-15	33.4	23.2	2.1	7.9
Mar-16	30.4	25.1	22.0	3.4
Jun-16	11.1	34.7	2.5	2.7
Sep-16	20.3	28.5	25.8	6.0
Dec-16	56.5	20.7	19.0	-7.6
Mar-17	6.3	21.6	18.9	4.4
Jun-17	38.0	40.6	19.6	1.2
Sep-17	33.4	18.0	5.4	6.0
Dec-17	30.9	27.7	15.7	5.2
Mar-18	39.0	19.6	6.3	3.7
Jun-18	14.0	27.5	10.1	2.9
Sep-18	67.0	11.1	5.9	9.1
Dec-18	8.8	25.7	6.1	3.0
Mar-19	35.5	15.3	-0.3	5.4
Jun-19	38.8	4.0	12.3	-3.6
Sep-19	18.1	-0.1	25.8	4.5
Dec-19	21.0	19.3	15.7	6.0
Mar-20	49.7	3.9	35.6	5.4
Jun-20	-7.2	14.6	136.2	9.4
Sep-20	2.0	6.3	144.0	6.9
Dec-20	4.5	22.5	30.2	10.4
Mar-21	18.4	28.1	20.2	5.5
Jun-21	11.9	49.6	6.8	18.5
Sep-21	58.0	41.1	48.9	8.3
Dec-21	34.8	54.1	22.6	15.5
Mar-22	162.6	41.6	13.6	11.3
Jun-22	48.2	52.9	40.4	15.5
Sep-22	77.3	26.0	15.5	6.7
Dec-22	11.3	32.0	2.2	-0.9
Mar-23	41.7	18.8	16.8	9.1
Jun-23	-4.1	41.8	-8.1	3.3
Sep-23	56.2	13.4	20.2	9.0
Dec-23	31.2	32.7	28.1	9.4
Mar-24	46.6	32.4	23.9	9.7
Jun-24	38.6	53.6	-7.0	7.6
Sep-24	37.9	25.5	44.4	4.3
Dec-24	55.4	40.7	-2.0	12.8
Mar-25	44.8	34.3	38.2	8.4
Jun-25	43.3	61.8	-14.5	10.8
Sep-25	57.3	31.2	55.4	4.5
Dec-25	45.0	62.7	25.6	7.8
Mar-26	47.8	47.0	38.9	6.3

Demand for credit by sector

["","Private non-financial businesses","Households","General government","Other"]

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"Other" includes private non-financial investment funds and public non-financial corporations.

Households

Balance sheet

Household balance sheet, $b
	Amounts outstanding, Dec-25	Transactions, Mar-26	Other changes(a), Mar-26	Holding gains/losses, Mar-26	Amounts outstanding, Mar-26
Non-financial assets
	Land and dwellings	12,677.2	8.9	10.2	286.6	12,983.0
	Other non-financial assets	932.0	-0.5	-	7.5	939.1
Financial assets
	Superannuation reserves	4,543.2	31.1	-	-104.1	4,470.3
	Shares and other equity	1,699.5	-1.6	-	14.2	1,712.0
	Currency and deposits	1,982.2	21.5	-	-0.4	2,003.3
	Other financial assets	560.8	3.8	-	-6.6	558.0
Liabilities
	Loans	3,250.1	47.2	-	-0.7	3,296.6
	Other liabilities	157.8	-0.8	-	-	157.2
Wealth (Net worth)	18,987.0	16.8	10.2	197.9	19,211.9
Memorandum item
	Consumer durables (b)	579.3	0.0	-	-	583.0

Financial assets

Household selected financial assets, $b
	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25	Transactions, Mar-26	Amounts outstanding, Mar-26
Total assets	105.0	8,654.9	93.0	8,785.6	54.8	8,743.6
Deposits	62.9	1,875.7	53.7	1,929.8	22.1	1,951.5
Shares and equity	6.5	1,679.5	6.5	1,699.5	-1.6	1,712.0
Net equity in reserves	27.0	4,217.6	27.1	4,270.4	30.5	4,187.5
	Pension funds	27.2	4,067.8	26.7	4,118.0	28.5	4,042.0
Other assets	8.5	882.1	5.8	886.0	3.9	892.6

Liabilities

Household selected liabilities, $b
	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25	Transactions, Mar-26	Amounts outstanding, Mar-26
Total liabilities	29.6	3,345.1	61.9	3,408.2	46.4	3,454.0
Short term loans	-0.1	58.5	0.4	58.9	-0.5	58.4
Long term loans	31.7	3,127.7	62.5	3,191.2	47.6	3,238.1
Other liabilities	-1.9	159.0	-1.1	158.1	-0.8	157.4

Household wealth grew 1.2% ($224.9b) to $19,211.9b by the end of the March quarter. The increase in net worth was driven by growth in the value of land and dwellings.

Non-financial assets

Non-financial assets owned by households increased by 2.3% ($312.8b). The value of land and dwellings increased by 2.4% ($305.8b), with both property prices and the number of dwellings rising during the quarter.

Financial assets

Financial assets owned by households decreased 0.5% (-$42.0b), with a:

$72.9b fall in superannuation reserves, offset by a
$21.7b rise in deposits.
$12.5b rise in shares and other equity.

Revaluation losses drove the decrease in superannuation reserves reflective of the negative performance of domestic and overseas share markets. Revaluation losses in superannuation were partially offset by member contributions ($28.5b) reflecting increases in employed persons and hours worked.

Total deposits increased by 1.1% ($21.7b). Transferable deposit account balances rose $13.5b and other deposit accounts (which include term deposit and other savings accounts) rose $8.2b.

Increases in private non-financial corporation unlisted equities and listed equity issued by authorised deposit taking institutions contributed to the rise in households' share and other equity assets.

Liabilities

Household liabilities increased by 1.3% ($45.8b), with a:

$47.0b rise in long-term loans.
$0.5b fall in short-term loans.

The growth in long-term loans was driven by housing loans, with both investors and owner occupiers both contributing to demand for new housing debt.

Household wealth, contribution to growth, quarterly
	Wealth (Net worth) ($b)	Land and dwellings ($b)	Superannuation ($b)	Currency and deposits ($b)	Shares and equity ($b)	Other financial assets ($b)	Liabilities ($b)
Mar-13	145.9	54.4	68.0	9.7	22.9	1.0	-14.6
Jun-13	-0.9	78.6	-52.5	6.4	-3.0	1.3	-36.2
Sep-13	212.9	83.3	88.4	26.3	21.0	-0.5	-11.4
Dec-13	235.7	173.2	53.3	20.4	8.7	7.9	-37.8
Mar-14	139.0	76.5	46.1	9.7	19.4	-1.4	-19.7
Jun-14	117.4	94.9	26.2	7.0	15.3	4.1	-38.0
Sep-14	164.6	82.6	51.3	29.5	13.1	-0.7	-19.6
Dec-14	262.2	169.2	59.6	25.5	24.6	1.9	-30.3
Mar-15	263.8	125.0	106.0	13.9	34.9	7.6	-32.0
Jun-15	202.4	224.7	12.3	6.4	0.1	-5.0	-42.4
Sep-15	122.9	129.6	-24.5	37.2	0.9	-2.5	-22.0
Dec-15	150.7	46.6	76.4	19.6	30.4	-2.7	-25.8
Mar-16	-13.8	9.6	-18.7	12.8	3.6	1.9	-26.2
Jun-16	282.0	137.3	149.0	10.6	16.2	8.1	-41.9
Sep-16	230.7	125.7	79.3	25.3	23.7	3.1	-30.1
Dec-16	335.9	258.0	48.6	24.9	22.8	0.4	-26.4
Mar-17	231.7	160.4	63.2	9.8	20.8	1.6	-29.9
Jun-17	154.8	170.0	16.7	1.4	4.2	-0.5	-41.2
Sep-17	28.0	14.2	-3.4	21.7	11.8	6.6	-26.8
Dec-17	286.6	167.9	95.7	13.5	26.4	9.3	-33.1
Mar-18	-13.8	17.1	-16.6	10.0	2.2	0.3	-30.8
Jun-18	88.2	-26.3	107.9	1.5	21.9	11.8	-31.2
Sep-18	34.6	-51.0	47.7	28.2	18.8	5.1	-16.0
Dec-18	-205.3	-60.9	-111.3	9.5	-7.5	-9.0	-31.0
Mar-19	57.9	-119.6	142.6	5.4	33.6	14.4	-20.2
Jun-19	318.9	68.5	220.6	4.3	27.8	13.1	-15.3
Sep-19	336.0	225.8	63.2	25.9	16.9	11.3	-6.2
Dec-19	288.9	218.7	62.1	12.9	13.0	2.3	-23.8
Mar-20	-249.7	106.0	-275.5	18.2	-63.2	-16.6	-21.6
Jun-20	233.1	-23.5	166.6	35.1	32.3	25.5	-6.3
Sep-20	347.3	222.4	38.9	65.2	7.5	7.8	-1.7
Dec-20	634.9	376.7	163.8	27.5	54.0	18.6	-21.0
Mar-21	550.2	457.0	67.0	13.7	28.2	-2.5	-27.6
Jun-21	568.6	428.5	118.3	5.9	35.0	19.2	-53.5
Sep-21	731.5	598.5	62.0	75.0	25.7	7.5	-52.5
Dec-21	727.5	585.9	99.5	47.2	20.8	9.3	-56.2
Mar-22	169.1	196.3	-51.3	33.2	22.2	-7.4	-41.1
Jun-22	-400.3	-36.5	-295.0	5.6	-22.0	-16.8	-49.6
Sep-22	-206.2	-255.3	-4.2	52.4	14.3	5.4	-29.4
Dec-22	243.0	73.3	122.9	33.1	35.4	6.1	-43.3
Mar-23	200.5	60.9	114.5	26.3	21.1	1.8	-33.9
Jun-23	349.9	312.7	57.8	-7.3	17.1	7.4	-44.3
Sep-23	251.5	168.1	8.4	52.1	35.3	7.9	-26.3
Dec-23	510.6	314.6	141.4	30.1	52.5	-0.7	-38.5
Mar-24	376.8	176.6	144.5	32.0	57.5	3.8	-46.6
Jun-24	280.5	260.1	6.6	-9.4	26.4	42.3	-51.8
Sep-24	317.2	56.4	146.8	60.7	49.5	28.1	-28.8
Dec-24	383.9	258.2	63.6	57.3	30.2	13.5	-47.7
Mar-25	110.9	88.7	-14.7	28.4	17.0	25.8	-40.7
Jun-25	525.3	278.1	207.4	5.8	58.9	31.8	-60.1
Sep-25	528.0	272.3	164.2	63.9	38.0	14.7	-28.5
Dec-25	538.7	461.3	49.2	55.3	20.0	6.2	-63.0
Mar-26	224.9	305.8	-72.9	21.2	12.5	-2.8	-45.9

Household wealth, contribution to growth, quarterly

["","Wealth (Net worth)","Land and dwellings","Superannuation","Currency and deposits","Shares and equity","Other financial assets","Liabilities"]

[["Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25","Mar-26"],[[145.9],[-0.9],[212.9],[235.7],[139],[117.4],[164.6],[262.2],[263.8],[202.4],[122.9],[150.7],[-13.8],[282],[230.7],[335.9],[231.7],[154.8],[28],[286.6],[-13.8],[88.2],[34.6],[-205.3],[57.9],[318.9],[336],[288.9],[-249.7],[233.1],[347.3],[634.9],[550.2],[568.6],[731.5],[727.5],[169.1],[-400.3],[-206.2],[243],[200.5],[349.9],[251.5],[510.6],[376.8],[280.5],[317.2],[383.9],[110.9],[525.3],[528],[538.7],[224.9]],[[54.4],[78.6],[83.3],[173.2],[76.5],[94.9],[82.6],[169.2],[125],[224.7],[129.6],[46.6],[9.6],[137.3],[125.7],[258],[160.4],[170],[14.2],[167.9],[17.1],[-26.3],[-51],[-60.9],[-119.6],[68.5],[225.8],[218.7],[106],[-23.5],[222.4],[376.7],[457],[428.5],[598.5],[585.9],[196.3],[-36.5],[-255.3],[73.3],[60.9],[312.7],[168.1],[314.6],[176.6],[260.1],[56.4],[258.2],[88.7],[278.1],[272.3],[461.3],[305.8]],[[68],[-52.5],[88.4],[53.3],[46.1],[26.2],[51.3],[59.6],[106],[12.3],[-24.5],[76.4],[-18.7],[149],[79.3],[48.6],[63.2],[16.7],[-3.4],[95.7],[-16.6],[107.9],[47.7],[-111.3],[142.6],[220.6],[63.2],[62.1],[-275.5],[166.6],[38.9],[163.8],[67],[118.3],[62],[99.5],[-51.3],[-295],[-4.2],[122.9],[114.5],[57.8],[8.4],[141.4],[144.5],[6.6],[146.8],[63.6],[-14.7],[207.4],[164.2],[49.2],[-72.9]],[[9.7],[6.4],[26.3],[20.4],[9.7],[7],[29.5],[25.5],[13.9],[6.4],[37.2],[19.6],[12.8],[10.6],[25.3],[24.9],[9.8],[1.4],[21.7],[13.5],[10],[1.5],[28.2],[9.5],[5.4],[4.3],[25.9],[12.9],[18.2],[35.1],[65.2],[27.5],[13.7],[5.9],[75],[47.2],[33.2],[5.6],[52.4],[33.1],[26.3],[-7.3],[52.1],[30.1],[32],[-9.4],[60.7],[57.3],[28.4],[5.8],[63.9],[55.3],[21.2]],[[22.9],[-3],[21],[8.7],[19.4],[15.3],[13.1],[24.6],[34.9],[0.1],[0.9],[30.4],[3.6],[16.2],[23.7],[22.8],[20.8],[4.2],[11.8],[26.4],[2.2],[21.9],[18.8],[-7.5],[33.6],[27.8],[16.9],[13],[-63.2],[32.3],[7.5],[54],[28.2],[35],[25.7],[20.8],[22.2],[-22],[14.3],[35.4],[21.1],[17.1],[35.3],[52.5],[57.5],[26.4],[49.5],[30.2],[17],[58.9],[38],[20],[12.5]],[[1],[1.3],[-0.5],[7.9],[-1.4],[4.1],[-0.7],[1.9],[7.6],[-5],[-2.5],[-2.7],[1.9],[8.1],[3.1],[0.4],[1.6],[-0.5],[6.6],[9.3],[0.3],[11.8],[5.1],[-9],[14.4],[13.1],[11.3],[2.3],[-16.6],[25.5],[7.8],[18.6],[-2.5],[19.2],[7.5],[9.3],[-7.4],[-16.8],[5.4],[6.1],[1.8],[7.4],[7.9],[-0.7],[3.8],[42.3],[28.1],[13.5],[25.8],[31.8],[14.7],[6.2],[-2.8]],[[-14.6],[-36.2],[-11.4],[-37.8],[-19.7],[-38],[-19.6],[-30.3],[-32],[-42.4],[-22],[-25.8],[-26.2],[-41.9],[-30.1],[-26.4],[-29.9],[-41.2],[-26.8],[-33.1],[-30.8],[-31.2],[-16],[-31],[-20.2],[-15.3],[-6.2],[-23.8],[-21.6],[-6.3],[-1.7],[-21],[-27.6],[-53.5],[-52.5],[-56.2],[-41.1],[-49.6],[-29.4],[-43.3],[-33.9],[-44.3],[-26.3],[-38.5],[-46.6],[-51.8],[-28.8],[-47.7],[-40.7],[-60.1],[-28.5],[-63],[-45.9]]]

[]

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Private non-financial corporations

Financial assets

Private non-financial corporations' selected financial assets, $b
	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25	Transactions, Mar-26	Amounts outstanding, Mar-26
Total assets	40.8	2,330.6	31.3	2,351.2	25.3	2,346.8
Deposits	13.0	881.5	13.2	893.1	12.8	901.9
Shares and equity	13.8	843.5	16.9	850.8	5.1	824.9
Other accounts receivable	19.0	355.3	3.5	355.5	11.0	368.1
Other assets	-4.9	250.2	-2.3	251.8	-3.7	251.9

Liabilities

Private non-financial corporations' selected liabilities, $b
	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25	Transactions, Mar-26	Amounts outstanding, Mar-26
Total liabilities	61.4	6,005.8	48.8	6,063.8	48.5	6,022.6
Total debt securities	0.8	303.3	4.3	302.8	-4.2	291.0
Loans	30.3	1,240.6	23.1	1,264.5	30.6	1,283.5
	Authorised deposit taking institutions	23.7	843.0	23.2	865.6	25.7	889.4
	Rest of world	4.0	241.5	-4.1	238.9	3.8	232.9
Shares and equity	29.8	4,165.5	22.0	4,198.1	24.0	4,147.0
	Households	8.2	997.9	3.9	1,013.3	2.0	1,021.8
	Rest of world	25.5	1,582.9	21.6	1,602.1	23.1	1,602.1
Other liabilities	0.5	296.4	-0.6	298.4	-1.9	301.2

The debt-to-equity ratio (adjusted for price changes) increased to 0.57 and follows the gradual increase in the ratio seen since the June quarter 2022. The unadjusted debt-to-equity ratio rose to 0.45 in the March quarter 2026 following a rise in loan borrowings.

Private non-financial corporations' debt to equity ratio
	Debt to equity ratio, adjusted for price changes, December 2005 base	Debt to equity ratio
Mar-06	0.50	0.50
Jun-06	0.51	0.52
Sep-06	0.52	0.52
Dec-06	0.55	0.51
Mar-07	0.56	0.50
Jun-07	0.57	0.49
Sep-07	0.60	0.51
Dec-07	0.62	0.54
Mar-08	0.63	0.60
Jun-08	0.65	0.60
Sep-08	0.67	0.69
Dec-08	0.67	0.81
Mar-09	0.64	0.79
Jun-09	0.61	0.70
Sep-09	0.60	0.63
Dec-09	0.59	0.60
Mar-10	0.58	0.60
Jun-10	0.57	0.64
Sep-10	0.57	0.60
Dec-10	0.55	0.55
Mar-11	0.55	0.55
Jun-11	0.55	0.56
Sep-11	0.56	0.63
Dec-11	0.57	0.64
Mar-12	0.57	0.61
Jun-12	0.58	0.66
Sep-12	0.58	0.64
Dec-12	0.58	0.62
Mar-13	0.58	0.61
Jun-13	0.58	0.65
Sep-13	0.59	0.62
Dec-13	0.59	0.63
Mar-14	0.58	0.62
Jun-14	0.58	0.61
Sep-14	0.59	0.63
Dec-14	0.58	0.63
Mar-15	0.59	0.62
Jun-15	0.59	0.63
Sep-15	0.60	0.67
Dec-15	0.60	0.65
Mar-16	0.61	0.65
Jun-16	0.60	0.63
Sep-16	0.60	0.60
Dec-16	0.59	0.59
Mar-17	0.59	0.58
Jun-17	0.59	0.58
Sep-17	0.59	0.57
Dec-17	0.58	0.54
Mar-18	0.58	0.55
Jun-18	0.57	0.53
Sep-18	0.57	0.53
Dec-18	0.57	0.55
Mar-19	0.57	0.52
Jun-19	0.57	0.51
Sep-19	0.57	0.52
Dec-19	0.56	0.50
Mar-20	0.58	0.61
Jun-20	0.56	0.53
Sep-20	0.55	0.52
Dec-20	0.54	0.48
Mar-21	0.54	0.48
Jun-21	0.55	0.47
Sep-21	0.54	0.47
Dec-21	0.53	0.45
Mar-22	0.51	0.43
Jun-22	0.52	0.47
Sep-22	0.53	0.48
Dec-22	0.52	0.46
Mar-23	0.53	0.45
Jun-23	0.53	0.45
Sep-23	0.53	0.46
Dec-23	0.54	0.45
Mar-24	0.54	0.45
Jun-24	0.54	0.45
Sep-24	0.55	0.45
Dec-24	0.55	0.46
Mar-25	0.55	0.47
Jun-25	0.55	0.45
Sep-25	0.56	0.44
Dec-25	0.56	0.44
Mar-26	0.57	0.45

Private non-financial corporations' debt to equity ratio

["","Debt to equity ratio, adjusted for price changes, December 2005 base","Debt\u00a0to\u00a0equity\u00a0ratio"]

[["Mar-06","Jun-06","Sep-06","Dec-06","Mar-07","Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25","Mar-26"],[[0.5],[0.51],[0.52],[0.55],[0.56],[0.57],[0.6],[0.62],[0.63],[0.65],[0.67],[0.67],[0.64],[0.61],[0.6],[0.59],[0.58],[0.57],[0.57],[0.55],[0.55],[0.55],[0.56],[0.57],[0.57],[0.58],[0.58],[0.58],[0.58],[0.58],[0.59],[0.59],[0.58],[0.58],[0.59],[0.58],[0.59],[0.59],[0.6],[0.6],[0.61],[0.6],[0.6],[0.59],[0.59],[0.59],[0.59],[0.58],[0.58],[0.57],[0.57],[0.57],[0.57],[0.57],[0.57],[0.56],[0.58],[0.56],[0.55],[0.54],[0.54],[0.55],[0.54],[0.53],[0.51],[0.52],[0.53],[0.52],[0.53],[0.53],[0.53],[0.54],[0.54],[0.54],[0.55],[0.55],[0.55],[0.55],[0.56],[0.56],[0.57]],[[0.5],[0.52],[0.52],[0.51],[0.5],[0.49],[0.51],[0.54],[0.6],[0.6],[0.69],[0.81],[0.79],[0.7],[0.63],[0.6],[0.6],[0.64],[0.6],[0.55],[0.55],[0.56],[0.63],[0.64],[0.61],[0.66],[0.64],[0.62],[0.61],[0.65],[0.62],[0.63],[0.62],[0.61],[0.63],[0.63],[0.62],[0.63],[0.67],[0.65],[0.65],[0.63],[0.6],[0.59],[0.58],[0.58],[0.57],[0.54],[0.55],[0.53],[0.53],[0.55],[0.52],[0.51],[0.52],[0.5],[0.61],[0.53],[0.52],[0.48],[0.48],[0.47],[0.47],[0.45],[0.43],[0.47],[0.48],[0.46],[0.45],[0.45],[0.46],[0.45],[0.45],[0.45],[0.45],[0.46],[0.47],[0.45],[0.44],[0.44],[0.45]]]

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Other private non-financial corporations demand for credit

Other private non-financial corporations demand for credit of $47.8b was driven by:

$28.0b of loan borrowings
$24.4b of equity raising

Business credit has continued to grow alongside high levels of machinery and equipment investment.

Other private non-financial corporations' demand for credit
	Total liabilities ($b)	Short-term debt ($b)	Bonds ($b)	Loans ($b)	Equities ($b)
Mar-13	22.4	-1.8	5.5	9.9	11.1
Jun-13	36.0	-3.2	1.8	17.3	21.5
Sep-13	27.8	1.6	6.7	3.0	14.8
Dec-13	40.7	-7.7	8.4	16.2	21.7
Mar-14	10.1	-3.9	-0.7	0.7	11.8
Jun-14	27.3	-3.4	-5.6	22.5	18.8
Sep-14	39.4	-2.6	9.5	1.7	24.9
Dec-14	35.4	-1.8	-5.8	14.6	28.4
Mar-15	42.1	-3.3	8.9	22.9	14.6
Jun-15	28.4	-2.7	10.5	3.2	16.0
Sep-15	45.2	-1.9	-6.1	31.3	16.5
Dec-15	32.1	-2.0	8.6	12.3	14.5
Mar-16	32.7	-2.4	6.3	14.3	12.1
Jun-16	14.0	-3.1	-5.0	3.3	16.0
Sep-16	25.5	-2.1	-4.9	8.0	19.4
Dec-16	59.6	-2.5	2.9	13.5	42.5
Mar-17	15.7	-0.2	-9.9	1.1	15.4
Jun-17	42.7	-1.4	7.6	3.5	28.3
Sep-17	43.9	-3.8	-1.1	4.5	33.8
Dec-17	27.4	-1.2	-5.0	9.6	27.4
Mar-18	43.7	-0.6	3.4	14.1	22.1
Jun-18	13.2	-2.4	9.1	-11.0	18.3
Sep-18	69.6	-3.4	2.3	24.4	43.6
Dec-18	7.1	-2.8	-0.3	5.0	6.9
Mar-19	33.6	-2.6	-1.6	19.5	20.1
Jun-19	35.3	-4.1	8.4	12.5	21.9
Sep-19	26.5	-1.1	1.2	9.2	8.8
Dec-19	14.9	-2.7	0.3	3.3	20.1
Mar-20	59.4	0.7	-7.7	42.5	14.1
Jun-20	-12.8	-2.5	-7.8	-23.2	26.3
Sep-20	11.4	-0.5	-9.8	-10.8	23.2
Dec-20	17.7	-2.6	-12.5	-11.1	30.7
Mar-21	31.7	0.7	2.3	8.9	6.6
Jun-21	15.2	-0.1	-2.7	8.8	5.9
Sep-21	58.2	-1.7	-1.5	14.5	46.6
Dec-21	34.9	-1.7	0.5	-2.2	38.1
Mar-22	168.1	-0.9	4.1	11.4	148.0
Jun-22	47.2	-0.1	0.0	36.2	12.0
Sep-22	71.5	1.9	-2.5	39.1	38.8
Dec-22	7.8	-0.1	-4.5	5.7	10.2
Mar-23	41.3	0.6	2.6	15.4	23.1
Jun-23	-14.2	-3.8	3.0	4.9	-8.2
Sep-23	64.7	2.8	-1.8	26.0	29.2
Dec-23	36.5	1.1	2.9	15.9	11.3
Mar-24	48.4	-3.3	7.7	17.0	25.1
Jun-24	29.4	0.1	4.6	10.2	23.7
Sep-24	40.6	-0.7	4.1	21.7	12.8
Dec-24	47.8	-0.9	5.0	26.0	25.3
Mar-25	34.4	0.5	4.5	19.6	20.2
Jun-25	38.2	0.9	2.0	18.0	22.3
Sep-25	57.5	0.0	0.4	29.4	27.5
Dec-25	44.8	0.2	3.5	21.3	20.0
Mar-26	46.6	0.6	-5.3	28.0	24.4

Other private non-financial corporations' demand for credit

["","Total liabilities","Short-term debt","Bonds","Loans","Equities"]

[["Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25","Mar-26"],[[22.4],[36],[27.8],[40.7],[10.1],[27.3],[39.4],[35.4],[42.1],[28.4],[45.2],[32.1],[32.7],[14],[25.5],[59.6],[15.7],[42.7],[43.9],[27.4],[43.7],[13.2],[69.6],[7.1],[33.6],[35.3],[26.5],[14.9],[59.4],[-12.8],[11.4],[17.7],[31.7],[15.2],[58.2],[34.9],[168.1],[47.2],[71.5],[7.8],[41.3],[-14.2],[64.7],[36.5],[48.4],[29.4],[40.6],[47.8],[34.4],[38.2],[57.5],[44.8],[46.6]],[[-1.8],[-3.2],[1.6],[-7.7],[-3.9],[-3.4],[-2.6],[-1.8],[-3.3],[-2.7],[-1.9],[-2],[-2.4],[-3.1],[-2.1],[-2.5],[-0.2],[-1.4],[-3.8],[-1.2],[-0.6],[-2.4],[-3.4],[-2.8],[-2.6],[-4.1],[-1.1],[-2.7],[0.7],[-2.5],[-0.5],[-2.6],[0.7],[-0.1],[-1.7],[-1.7],[-0.9],[-0.1],[1.9],[-0.1],[0.6],[-3.8],[2.8],[1.1],[-3.3],[0.1],[-0.7],[-0.9],[0.5],[0.9],[0],[0.2],[0.6]],[[5.5],[1.8],[6.7],[8.4],[-0.7],[-5.6],[9.5],[-5.8],[8.9],[10.5],[-6.1],[8.6],[6.3],[-5],[-4.9],[2.9],[-9.9],[7.6],[-1.1],[-5],[3.4],[9.1],[2.3],[-0.3],[-1.6],[8.4],[1.2],[0.3],[-7.7],[-7.8],[-9.8],[-12.5],[2.3],[-2.7],[-1.5],[0.5],[4.1],[0],[-2.5],[-4.5],[2.6],[3],[-1.8],[2.9],[7.7],[4.6],[4.1],[5],[4.5],[2],[0.4],[3.5],[-5.3]],[[9.9],[17.3],[3],[16.2],[0.7],[22.5],[1.7],[14.6],[22.9],[3.2],[31.3],[12.3],[14.3],[3.3],[8],[13.5],[1.1],[3.5],[4.5],[9.6],[14.1],[-11],[24.4],[5],[19.5],[12.5],[9.2],[3.3],[42.5],[-23.2],[-10.8],[-11.1],[8.9],[8.8],[14.5],[-2.2],[11.4],[36.2],[39.1],[5.7],[15.4],[4.9],[26],[15.9],[17],[10.2],[21.7],[26],[19.6],[18],[29.4],[21.3],[28]],[[11.1],[21.5],[14.8],[21.7],[11.8],[18.8],[24.9],[28.4],[14.6],[16],[16.5],[14.5],[12.1],[16],[19.4],[42.5],[15.4],[28.3],[33.8],[27.4],[22.1],[18.3],[43.6],[6.9],[20.1],[21.9],[8.8],[20.1],[14.1],[26.3],[23.2],[30.7],[6.6],[5.9],[46.6],[38.1],[148],[12],[38.8],[10.2],[23.1],[-8.2],[29.2],[11.3],[25.1],[23.7],[12.8],[25.3],[20.2],[22.3],[27.5],[20],[24.4]]]

[]

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Financial corporations

Financial assets and liabilities

Financial corporations' financial assets, $b
	Amounts outstanding, Dec-25	Transactions, Mar-26	Other changes, Mar-26	Amounts outstanding, Mar-26
Central bank	379.8	-3.9	-2.5	373.4
Authorised deposit taking institutions	5783.1	-194.3	333.1	5921.9
Other broad money institutions	287.2	2.0	0.2	289.4
Pension funds	3897.5	32.5	-103.3	3826.7
Life insurance corporations	171.3	1.9	-2.7	170.5
Non-life insurance corporations	318.8	3.7	-5.7	316.8
Money market investment funds	32.8	2.2	0.0	35.0
Non-money market investment funds	1478.2	28.3	-26.1	1480.4
Central borrowing authorities	802.2	16.8	-0.8	818.2
Securitisers	707.7	6.6	0.1	714.4
Other financial corporations	115.7	-29.0	29.8	116.5

Financial corporations' liabilities, $b
	Amounts outstanding, Dec-25	Transactions, Mar-26	Other changes, Mar-26	Amounts outstanding, Mar-26
Central bank	380.3	-0.5	-5.9	374.0
Authorised deposit taking institutions	6147.4	-202.1	337.5	6282.8
Other broad money institutions	200.5	9.5	-4.3	205.8
Pension funds	4187.5	24.6	-94.4	4117.7
Life insurance corporations	172.5	2.0	-6.6	167.9
Non-life insurance corporations	372.9	-1.6	-3.1	368.2
Money market investment funds	32.8	0.7	1.5	35.0
Non-money market investment funds	1739.6	-1.6	-13.5	1724.5
Central borrowing authorities	774.5	24.1	-0.2	798.4
Securitisers	765.2	22.2	-1.7	785.7
Other financial corporations	252.2	-24.1	22.3	250.4

Authorised deposit-taking institutions (ADIs)

Financial assets

Authorised deposit-taking institutions' selected financial assets, $b
	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25	Transactions, Mar-26	Amounts outstanding, Mar-26
Total assets	-43.8	5661.6	-32.1	5783.1	-194.3	5921.9
Deposits	-18.6	313.9	1.0	314.8	-23.2	290.7
Bonds	-15.3	1120.1	2.4	1112.3	21.6	1124.7
	Securitisers	-25.8	530.6	6.1	535.9	13.4	549.0
	National general government	5.6	149.1	-16.5	128.3	-0.2	127.1
Loans	93.6	3621.0	86.1	3705.4	94.7	3795.7
Other assets	-103.6	606.5	-121.5	650.6	-287.4	710.8

Liabilities

Authorised deposit-taking institutions' selected liabilities, $b
	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25	Transactions, Mar-26	Amounts outstanding, Mar-26
Total liabilities		-13.8	6047.4	-47.8	6147.4	-202.1	6282.8
Deposits	78.9	3658.3	94.5	3748.0	31.3	3770.0
	Other private non-fin corps	11.5	830.2	14.4	843.2	13.6	853.2
	Pension funds	2.9	302.7	-2.5	300.0	14.4	314.2
	Households	63.7	1843.8	54.2	1897.9	23.0	1920.5
Bonds	8.8	683.3	14.2	687.8	16.8	687.1
Shares and equities	-0.9	842.1	2.7	828.5	-0.8	838.2
Other liabilities	-100.6	863.7	-159.1	883.1	-249.4	987.4

Total financial assets of ADIs increased $138.8b, reflecting a:

$90.3b rise in loans
$73.8b rise in derivatives
$12.4b rise in bonds

This was partly offset by a:

$24.1b fall in deposits
$7.8b fall in equities
$5.8b fall in short-term debt securities

Growth in ADI lending activity was driven by loans to households and rest of world. Market volatility has led to a rise in derivative valuations, reflective of clients’ hedging activity amid more volatile conditions. ADIs decreased their deposits, particularly those with the RBA.

Change in authorised deposit taking institutions' assets
	Total assets ($b)	Deposits ($b)	Short-term debt ($b)	Bonds ($b)	Derivatives ($b)	Loans ($b)	Equities ($b)	Other accounts ($b)
Mar-13	28.8	1.4	-7.9	9.6	-12.4	26.5	11.9	1.3
Jun-13	78.4	-4.2	-9.6	32.0	36.3	24.1	-1.1	2.1
Sep-13	18.2	-0.6	-0.7	21.2	-35.0	25.5	10.2	-2.8
Dec-13	89.2	17.4	-7.5	-4.3	31.5	36.3	8.2	5.1
Mar-14	20.3	-0.2	-8.5	25.5	-22.2	26.4	0.6	0.8
Jun-14	63.7	2.1	1.9	15.6	-3.5	45.7	0.2	1.8
Sep-14	94.4	3.3	-0.3	40.3	44.5	12.3	-5.5	0.1
Dec-14	114.1	-5.4	2.6	48.0	47.6	14.0	6.7	-1.6
Mar-15	145.1	-1.2	-3.5	32.3	34.4	59.8	19.6	4.1
Jun-15	-3.0	-4.0	-5.9	-3.6	-52.3	71.7	-8.3	1.1
Sep-15	138.6	5.2	0.6	23.8	72.0	46.9	-11.9	1.6
Dec-15	-14.7	4.6	-6.1	13.2	-64.2	26.0	11.8	-1.6
Mar-16	46.7	1.3	-1.4	5.6	40.8	13.5	-14.9	2.7
Jun-16	79.7	-0.3	-8.6	26.8	25.8	36.3	-1.6	2.4
Sep-16	5.7	-2.0	-4.7	12.2	-36.8	31.2	5.8	-0.7
Dec-16	64.6	1.4	-1.9	-5.3	0.4	65.0	6.8	-3.7
Mar-17	-26.0	4.0	-5.2	11.4	-49.7	6.7	4.7	3.4
Jun-17	52.9	0.8	-5.8	-39.2	11.5	91.4	-9.7	4.5
Sep-17	-21.5	-2.8	-2.0	-18.7	-18.3	19.8	2.6	-2.3
Dec-17	21.4	-1.9	-4.5	12.1	12.0	2.9	5.4	-5.8
Mar-18	80.5	15.6	-0.3	2.6	18.8	50.6	-10.2	4.3
Jun-18	33.7	-0.9	-3.7	-8.5	15.1	29.3	4.7	-1.0
Sep-18	3.3	3.5	-6.4	3.3	-17.4	19.4	0.2	0.1
Dec-18	53.5	0.1	0.9	2.9	28.7	28.4	-10.5	1.1
Mar-19	34.8	1.6	-2.3	16.2	7.6	-0.9	8.2	4.7
Jun-19	67.6	1.7	-2.8	22.6	56.3	-12.3	2.4	-0.3
Sep-19	113.0	5.0	-1.8	17.8	55.5	28.6	9.2	-0.8
Dec-19	-38.3	3.7	4.3	-19.0	-52.7	21.2	5.0	-1.9
Mar-20	478.2	79.7	7.0	215.9	251.9	-54.7	-42.1	19.3
Jun-20	-190.9	-28.7	5.9	132.7	-115.6	-158.0	-21.8	-3.1
Sep-20	-63.7	-21.7	-11.4	-36.5	-40.3	29.3	-3.4	20.2
Dec-20	27.8	48.8	-7.2	-80.1	23.4	31.5	16.9	-6.6
Mar-21	7.4	97.0	-3.2	-88.6	-83.6	41.9	37.4	7.3
Jun-21	38.4	132.9	-0.2	-130.4	-25.4	31.3	12.6	18.6
Sep-21	127.1	48.2	-1.7	19.5	-9.9	64.6	6.1	0.5
Dec-21	112.0	33.6	7.1	4.4	-2.8	82.1	3.4	-16.7
Mar-22	168.1	26.6	5.6	63.9	81.1	-17.8	3.1	5.9
Jun-22	317.8	-12.0	12.2	39.6	172.2	115.2	-8.6	-1.0
Sep-22	239.5	24.3	3.5	0.5	151.5	82.0	-17.4	-4.5
Dec-22	-50.9	-0.3	3.2	5.3	-105.1	38.0	10.0	-2.7
Mar-23	-78.3	-12.5	-2.2	-9.0	-107.8	53.7	-5.0	4.2
Jun-23	94.3	-28.5	-9.5	22.4	76.3	32.1	5.7	-4.0
Sep-23	116.2	-53.0	7.8	95.4	47.8	32.7	-4.6	-8.7
Dec-23	-54.1	-6.2	14.1	-10.5	-123.0	60.4	15.5	-5.6
Mar-24	-75.4	-20.0	-4.8	36.2	-133.5	29.1	22.4	-5.6
Jun-24	32.7	-103.3	-14.2	146.9	-60.2	79.4	3.3	-19.0
Sep-24	84.5	11.3	4.5	-19.1	-5.4	82.5	15.4	-3.7
Dec-24	253.6	17.8	1.5	-3.0	109.4	121.7	5.1	0.2
Mar-25	-99.3	-26.5	8.0	23.3	-127.2	31.3	-10.4	2.2
Jun-25	102.6	3.8	-14.0	33.8	5.4	48.0	22.5	3.0
Sep-25	46.2	-18.7	-5.4	-7.8	-16.6	93.3	-5.4	6.8
Dec-25	121.5	0.9	22.6	-7.8	16.6	84.4	8.9	-5.9
Mar-26	138.8	-24.1	-5.8	12.4	73.8	90.3	-7.8	1.2

Change in authorised deposit taking institutions' assets

["","Total assets","Deposits","Short-term debt","Bonds","Derivatives","Loans","Equities","Other accounts"]

[["Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25","Mar-26"],[[28.8],[78.4],[18.2],[89.2],[20.3],[63.7],[94.4],[114.1],[145.1],[-3],[138.6],[-14.7],[46.7],[79.7],[5.7],[64.6],[-26],[52.9],[-21.5],[21.4],[80.5],[33.7],[3.3],[53.5],[34.8],[67.6],[113],[-38.3],[478.2],[-190.9],[-63.7],[27.8],[7.4],[38.4],[127.1],[112],[168.1],[317.8],[239.5],[-50.9],[-78.3],[94.3],[116.2],[-54.1],[-75.4],[32.7],[84.5],[253.6],[-99.3],[102.6],[46.2],[121.5],[138.8]],[[1.4],[-4.2],[-0.6],[17.4],[-0.2],[2.1],[3.3],[-5.4],[-1.2],[-4],[5.2],[4.6],[1.3],[-0.3],[-2],[1.4],[4],[0.8],[-2.8],[-1.9],[15.6],[-0.9],[3.5],[0.1],[1.6],[1.7],[5],[3.7],[79.7],[-28.7],[-21.7],[48.8],[97],[132.9],[48.2],[33.6],[26.6],[-12],[24.3],[-0.3],[-12.5],[-28.5],[-53],[-6.2],[-20],[-103.3],[11.3],[17.8],[-26.5],[3.8],[-18.7],[0.9],[-24.1]],[[-7.9],[-9.6],[-0.7],[-7.5],[-8.5],[1.9],[-0.3],[2.6],[-3.5],[-5.9],[0.6],[-6.1],[-1.4],[-8.6],[-4.7],[-1.9],[-5.2],[-5.8],[-2],[-4.5],[-0.3],[-3.7],[-6.4],[0.9],[-2.3],[-2.8],[-1.8],[4.3],[7],[5.9],[-11.4],[-7.2],[-3.2],[-0.2],[-1.7],[7.1],[5.6],[12.2],[3.5],[3.2],[-2.2],[-9.5],[7.8],[14.1],[-4.8],[-14.2],[4.5],[1.5],[8],[-14],[-5.4],[22.6],[-5.8]],[[9.6],[32],[21.2],[-4.3],[25.5],[15.6],[40.3],[48],[32.3],[-3.6],[23.8],[13.2],[5.6],[26.8],[12.2],[-5.3],[11.4],[-39.2],[-18.7],[12.1],[2.6],[-8.5],[3.3],[2.9],[16.2],[22.6],[17.8],[-19],[215.9],[132.7],[-36.5],[-80.1],[-88.6],[-130.4],[19.5],[4.4],[63.9],[39.6],[0.5],[5.3],[-9],[22.4],[95.4],[-10.5],[36.2],[146.9],[-19.1],[-3],[23.3],[33.8],[-7.8],[-7.8],[12.4]],[[-12.4],[36.3],[-35],[31.5],[-22.2],[-3.5],[44.5],[47.6],[34.4],[-52.3],[72],[-64.2],[40.8],[25.8],[-36.8],[0.4],[-49.7],[11.5],[-18.3],[12],[18.8],[15.1],[-17.4],[28.7],[7.6],[56.3],[55.5],[-52.7],[251.9],[-115.6],[-40.3],[23.4],[-83.6],[-25.4],[-9.9],[-2.8],[81.1],[172.2],[151.5],[-105.1],[-107.8],[76.3],[47.8],[-123],[-133.5],[-60.2],[-5.4],[109.4],[-127.2],[5.4],[-16.6],[16.6],[73.8]],[[26.5],[24.1],[25.5],[36.3],[26.4],[45.7],[12.3],[14],[59.8],[71.7],[46.9],[26],[13.5],[36.3],[31.2],[65],[6.7],[91.4],[19.8],[2.9],[50.6],[29.3],[19.4],[28.4],[-0.9],[-12.3],[28.6],[21.2],[-54.7],[-158],[29.3],[31.5],[41.9],[31.3],[64.6],[82.1],[-17.8],[115.2],[82],[38],[53.7],[32.1],[32.7],[60.4],[29.1],[79.4],[82.5],[121.7],[31.3],[48],[93.3],[84.4],[90.3]],[[11.9],[-1.1],[10.2],[8.2],[0.6],[0.2],[-5.5],[6.7],[19.6],[-8.3],[-11.9],[11.8],[-14.9],[-1.6],[5.8],[6.8],[4.7],[-9.7],[2.6],[5.4],[-10.2],[4.7],[0.2],[-10.5],[8.2],[2.4],[9.2],[5],[-42.1],[-21.8],[-3.4],[16.9],[37.4],[12.6],[6.1],[3.4],[3.1],[-8.6],[-17.4],[10],[-5],[5.7],[-4.6],[15.5],[22.4],[3.3],[15.4],[5.1],[-10.4],[22.5],[-5.4],[8.9],[-7.8]],[[1.3],[2.1],[-2.8],[5.1],[0.8],[1.8],[0.1],[-1.6],[4.1],[1.1],[1.6],[-1.6],[2.7],[2.4],[-0.7],[-3.7],[3.4],[4.5],[-2.3],[-5.8],[4.3],[-1],[0.1],[1.1],[4.7],[-0.3],[-0.8],[-1.9],[19.3],[-3.1],[20.2],[-6.6],[7.3],[18.6],[0.5],[-16.7],[5.9],[-1],[-4.5],[-2.7],[4.2],[-4],[-8.7],[-5.6],[-5.6],[-19],[-3.7],[0.2],[2.2],[3],[6.8],[-5.9],[1.2]]]

[]

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Liabilities of ADIs rose $135.4b, with a:

$61.6b rise in derivatives
$28.1b rise in short-term debt securities
$22.1b rise in deposits

This was partly offset by a:

$0.7b fall in bonds.

Growth in ADI deposits was primarily driven by households and pension funds. Market volatility has also led to a rise in derivative valuations, reflective of clients’ hedging activity amid more volatile conditions. Foreign currency movements and rising bond yields led to the decrease in the value of bond liabilities.

Change in authorised deposit taking institutions' liabilities
	Total liabilities ($b)	Deposits ($b)	Short-term debt ($b)	Bonds ($b)	Derivatives ($b)	Loans ($b)	Equities ($b)	Other accounts ($b)
Mar-13	42.9	0.9	6.5	-10	-5.8	0.8	50	0.5
Jun-13	92.7	13.9	30.7	14.6	31.9	1.9	-3.8	3.4
Sep-13	56	51.2	-17.8	6.2	-18.1	0.7	33	0.8
Dec-13	101.7	41.3	1.7	15.2	17.1	5.4	21.6	-0.7
Mar-14	37.2	15.7	13.7	-5	-3.8	0.7	13.4	2.6
Jun-14	59.7	34.9	18	2.8	1.3	1.4	0.7	0.6
Sep-14	72.1	37.4	-5.7	16	37.7	9.8	-22.3	-0.7
Dec-14	146.3	38.5	19.8	18.7	44.1	-7.2	31.4	1.1
Mar-15	177.1	43.2	11	11.4	40.2	1.3	65.7	4.2
Jun-15	-71.8	8.2	9.5	10.4	-55.8	3.2	-49.2	1.8
Sep-15	114	66.9	-2.5	29.7	52.1	7.8	-39.6	-0.4
Dec-15	53.1	23.4	5.7	0.9	-32	6	49.2	-0.1
Mar-16	-8.2	9.6	-18.4	0.2	55.5	1.1	-58.4	2.1
Jun-16	78.5	51.5	0	13.9	14.1	-2	-0.7	1.7
Sep-16	2.3	43.2	-11.1	-12.5	-33.7	-4.4	20.5	0.4
Dec-16	120.2	68.4	13.9	-7.1	-4.5	4.3	48.5	-3.2
Mar-17	-24.4	0.9	1.1	-15.8	-32.9	-3.8	26.8	-0.8
Jun-17	36.2	34.8	17.1	3.5	11.9	5.4	-38.7	2.3
Sep-17	-16.8	-0.2	11.1	0.7	-28	-3.3	2.5	0.5
Dec-17	47.4	34.6	-13.5	6.6	11.5	7.6	4.8	-4.2
Mar-18	36.6	10.2	11.1	26.4	6.6	5.3	-29.3	6.4
Jun-18	55	14.2	3.2	9.1	18.7	-0.2	13.6	-3.6
Sep-18	13.8	32.5	-28.9	14.9	-9.1	5.9	-6	4.6
Dec-18	10.6	2.5	22	4.8	20.6	-1.3	-33.2	-4.8
Mar-19	43.3	7.5	-1.1	-9.4	13.9	14.1	12.5	5.8
Jun-19	127.1	23.6	-24	12.8	58.6	10.4	39.9	5.9
Sep-19	119.4	49	-6.3	6.7	52.7	9.8	12.5	-5.1
Dec-19	-86.1	5.7	21.8	-27.7	-38.3	-0.9	-41.2	-5.7
Mar-20	338.5	190.8	-13.1	36.6	205.9	29.3	-130.8	19.9
Jun-20	-100.5	9.6	-24.8	-38	-70	-15.3	44.3	-6.3
Sep-20	-77.4	68.9	-24.7	-31.4	-54.9	-16.1	-19.8	0.6
Dec-20	93.4	3.7	13.1	-22	35.8	-14.1	85.1	-8.1
Mar-21	7	34.2	19	-29.5	-99.6	16.8	60.3	5.7
Jun-21	59.4	42.1	5.8	3.3	-29.7	8.2	32.1	-2.4
Sep-21	142.6	93.8	20.1	-3.6	-11.9	8.5	25.2	10.4
Dec-21	87.9	60.6	49.2	-4.3	1.3	16.4	-17	-18.2
Mar-22	174.1	58.8	-11.5	-14.1	95.3	13.4	22.2	9.9
Jun-22	206.6	98.6	35	16.5	152.6	-1.6	-96.5	1.9
Sep-22	228.4	64.9	-4.1	5.4	151.8	0.8	12.4	-2.7
Dec-22	8.8	21.1	15.8	20.9	-73.6	-13.5	45.4	-7.3
Mar-23	-82.6	41.6	-10	31.1	-126.7	-11.6	-17.2	10.4
Jun-23	91.1	-5.3	-3.2	13.7	84.4	2.1	2.4	-2.9
Sep-23	113.2	38.3	12.2	14.5	47	-6.8	10.1	-2.2
Dec-23	-16.6	20.3	19.9	24.2	-107.4	-8.4	39.4	-4.6
Mar-24	-33.5	47.6	-6.2	30	-154.8	-8.3	54.8	3.5
Jun-24	40.1	26.5	31.7	17.1	-59	-3.3	20.1	7
Sep-24	102.9	60.9	-15	23.9	-5.1	2.5	42.1	-6.4
Dec-24	288.1	137.1	16.7	38.6	63.8	15.8	20.9	-4.8
Mar-25	-118.5	5.9	-16.3	15.1	-98.5	-3.6	-28.2	7.2
Jun-25	190.8	89.7	-8.5	1.5	27.9	-14.8	94.6	0.3
Sep-25	78.4	75.3	12.5	2.3	-21.5	-4.1	10.3	3.6
Dec-25	100	89.6	-7.8	4.6	26	4	-13.6	-2.7
Mar-26	135.4	22.1	28.1	-0.7	61.6	9.3	9.6	5.3

Change in authorised deposit taking institutions' liabilities

["","Total liabilities","Deposits","Short-term debt","Bonds","Derivatives","Loans","Equities","Other accounts"]

[["Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25","Mar-26"],[[42.9],[92.7],[56],[101.7],[37.2],[59.7],[72.1],[146.3],[177.1],[-71.8],[114],[53.1],[-8.2],[78.5],[2.3],[120.2],[-24.4],[36.2],[-16.8],[47.4],[36.6],[55],[13.8],[10.6],[43.3],[127.1],[119.4],[-86.1],[338.5],[-100.5],[-77.4],[93.4],[7],[59.4],[142.6],[87.9],[174.1],[206.6],[228.4],[8.8],[-82.6],[91.1],[113.2],[-16.6],[-33.5],[40.1],[102.9],[288.1],[-118.5],[190.8],[78.4],[100],[135.4]],[[0.9],[13.9],[51.2],[41.3],[15.7],[34.9],[37.4],[38.5],[43.2],[8.2],[66.9],[23.4],[9.6],[51.5],[43.2],[68.4],[0.9],[34.8],[-0.2],[34.6],[10.2],[14.2],[32.5],[2.5],[7.5],[23.6],[49],[5.7],[190.8],[9.6],[68.9],[3.7],[34.2],[42.1],[93.8],[60.6],[58.8],[98.6],[64.9],[21.1],[41.6],[-5.3],[38.3],[20.3],[47.6],[26.5],[60.9],[137.1],[5.9],[89.7],[75.3],[89.6],[22.1]],[[6.5],[30.7],[-17.8],[1.7],[13.7],[18],[-5.7],[19.8],[11],[9.5],[-2.5],[5.7],[-18.4],[0],[-11.1],[13.9],[1.1],[17.1],[11.1],[-13.5],[11.1],[3.2],[-28.9],[22],[-1.1],[-24],[-6.3],[21.8],[-13.1],[-24.8],[-24.7],[13.1],[19],[5.8],[20.1],[49.2],[-11.5],[35],[-4.1],[15.8],[-10],[-3.2],[12.2],[19.9],[-6.2],[31.7],[-15],[16.7],[-16.3],[-8.5],[12.5],[-7.8],[28.1]],[[-10],[14.6],[6.2],[15.2],[-5],[2.8],[16],[18.7],[11.4],[10.4],[29.7],[0.9],[0.2],[13.9],[-12.5],[-7.1],[-15.8],[3.5],[0.7],[6.6],[26.4],[9.1],[14.9],[4.8],[-9.4],[12.8],[6.7],[-27.7],[36.6],[-38],[-31.4],[-22],[-29.5],[3.3],[-3.6],[-4.3],[-14.1],[16.5],[5.4],[20.9],[31.1],[13.7],[14.5],[24.2],[30],[17.1],[23.9],[38.6],[15.1],[1.5],[2.3],[4.6],[-0.7]],[[-5.8],[31.9],[-18.1],[17.1],[-3.8],[1.3],[37.7],[44.1],[40.2],[-55.8],[52.1],[-32],[55.5],[14.1],[-33.7],[-4.5],[-32.9],[11.9],[-28],[11.5],[6.6],[18.7],[-9.1],[20.6],[13.9],[58.6],[52.7],[-38.3],[205.9],[-70],[-54.9],[35.8],[-99.6],[-29.7],[-11.9],[1.3],[95.3],[152.6],[151.8],[-73.6],[-126.7],[84.4],[47],[-107.4],[-154.8],[-59],[-5.1],[63.8],[-98.5],[27.9],[-21.5],[26],[61.6]],[[0.8],[1.9],[0.7],[5.4],[0.7],[1.4],[9.8],[-7.2],[1.3],[3.2],[7.8],[6],[1.1],[-2],[-4.4],[4.3],[-3.8],[5.4],[-3.3],[7.6],[5.3],[-0.2],[5.9],[-1.3],[14.1],[10.4],[9.8],[-0.9],[29.3],[-15.3],[-16.1],[-14.1],[16.8],[8.2],[8.5],[16.4],[13.4],[-1.6],[0.8],[-13.5],[-11.6],[2.1],[-6.8],[-8.4],[-8.3],[-3.3],[2.5],[15.8],[-3.6],[-14.8],[-4.1],[4],[9.3]],[[50],[-3.8],[33],[21.6],[13.4],[0.7],[-22.3],[31.4],[65.7],[-49.2],[-39.6],[49.2],[-58.4],[-0.7],[20.5],[48.5],[26.8],[-38.7],[2.5],[4.8],[-29.3],[13.6],[-6],[-33.2],[12.5],[39.9],[12.5],[-41.2],[-130.8],[44.3],[-19.8],[85.1],[60.3],[32.1],[25.2],[-17],[22.2],[-96.5],[12.4],[45.4],[-17.2],[2.4],[10.1],[39.4],[54.8],[20.1],[42.1],[20.9],[-28.2],[94.6],[10.3],[-13.6],[9.6]],[[0.5],[3.4],[0.8],[-0.7],[2.6],[0.6],[-0.7],[1.1],[4.2],[1.8],[-0.4],[-0.1],[2.1],[1.7],[0.4],[-3.2],[-0.8],[2.3],[0.5],[-4.2],[6.4],[-3.6],[4.6],[-4.8],[5.8],[5.9],[-5.1],[-5.7],[19.9],[-6.3],[0.6],[-8.1],[5.7],[-2.4],[10.4],[-18.2],[9.9],[1.9],[-2.7],[-7.3],[10.4],[-2.9],[-2.2],[-4.6],[3.5],[7],[-6.4],[-4.8],[7.2],[0.3],[3.6],[-2.7],[5.3]]]

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Pension (superannuation) funds

Financial assets

Pension (superannuation) funds' selected financial assets, $b
	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25	Transactions, Mar-26	Amounts outstanding, Mar-26
Total assets	27.7	3851.0	20.1	3897.5	32.5	3826.7
Deposits	4.6	314.8	-4.7	309.8	17.6	326.9
Debt securities	6.9	270.8	-6.4	260.9	11.5	268.6
Shares and equity	25.1	3205.9	34.9	3261.7	10.2	3163.2
	Other private non-fin corps	-2.5	549.8	1.1	550.9	2.0	531.0
	Non-money market investment funds	15.5	1179.4	11.3	1200.9	-6.3	1173.9
	Rest of world	8.8	817.0	17.9	856.3	10.2	811.5
Net equity in life offices	-0.5	11.0	-0.6	10.5	0.3	10.3
Other assets	-8.4	48.5	-3.0	54.6	-7.2	57.7

Liabilities

Pension (superannuation) funds' selected liabilities, $b
	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25	Transactions, Mar-26	Amounts outstanding, Mar-26
Total liabilities	24.2	4134.5	23.3	4187.5	24.6	4117.7
Net equity in reserves	27.5	4078.3	27.0	4129.1	28.7	4052.9
	Households	27.2	4067.8	26.7	4118.0	28.5	4042.0
Other liabilities	-3.3	56.2	-3.6	58.4	-4.1	64.9

Total financial assets of pension (superannuation funds) fell by 1.8% ($70.8b), with a:

$98.6b fall in shares and equity

This was partly offset by a:

$17.6b rise in deposit transactions.

Heightened global financial market volatility drove holding losses on share and equity assets, while pension funds allocated a greater share of member contributions towards short-term liquid assets.

Pension funds' financial assets
	Total assets (RHS) ($b)	Revaluations (LHS) ($b)	Transactions (LHS) ($b)
Mar-13	1,361.1	43.8	19.1
Jun-13	1,378.8	-20.6	38.2
Sep-13	1,454.8	62.5	13.5
Dec-13	1,508.7	28.7	25.2
Mar-14	1,544.3	14.8	20.8
Jun-14	1,575.8	-0.5	32.0
Sep-14	1,611.6	11.8	24.1
Dec-14	1,665.8	32.3	21.9
Mar-15	1,762.5	79.9	16.8
Jun-15	1,745	-52.3	34.8
Sep-15	1,719	-45.6	19.6
Dec-15	1,775.1	39.5	16.5
Mar-16	1,748.7	-33.8	7.5
Jun-16	1,821.6	42.7	30.2
Sep-16	1,895.5	61.4	12.5
Dec-16	1,947.7	33.0	19.3
Mar-17	2,001.8	35.0	19.1
Jun-17	2,050.6	9.3	39.5
Sep-17	2,064.4	2.9	10.8
Dec-17	2,158.1	73.0	20.8
Mar-18	2,143.7	-29.5	15.1
Jun-18	2,217.9	50.4	23.8
Sep-18	2,263.3	32.4	13.0
Dec-18	2,150.2	-127.5	14.5
Mar-19	2,281.1	116.2	14.7
Jun-19	2,382.9	74.7	27.1
Sep-19	2,441.6	46.7	12.0
Dec-19	2,494.9	30.0	23.3
Mar-20	2,239.1	-269.7	13.9
Jun-20	2,376.3	130.3	7.0
Sep-20	2,409.4	26.9	6.2
Dec-20	2,568.1	142.5	16.2
Mar-21	2,636.8	49.1	19.6
Jun-21	2,793.2	123.9	32.4
Sep-21	2,851.3	41.4	16.7
Dec-21	2,935.4	65.1	18.9
Mar-22	2,880.5	-72.3	17.4
Jun-22	2,709.9	-201.0	30.5
Sep-22	2,719.4	-11.8	21.3
Dec-22	2,818.7	87.2	12.1
Mar-23	2,932	86.7	26.6
Jun-23	3,001.4	39.5	29.9
Sep-23	3,009	-13.9	21.5
Dec-23	3,143.4	123.0	11.3
Mar-24	3,285.4	123.0	19.1
Jun-24	3,299.8	-12.7	27.1
Sep-24	3,444.9	128.1	17.1
Dec-24	3,533	75.6	12.5
Mar-25	3,487.4	-50.0	4.3
Jun-25	3,691.2	171.5	32.3
Sep-25	3,851	132.1	27.7
Dec-25	3,897.5	26.4	20.1
Mar-26	3,826.7	-103.3	32.5

Pension funds' financial assets

["","Total assets (RHS)","Revaluations (LHS)","Transactions (LHS)"]

[["Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25","Mar-26"],[[1361.1],[1378.8],[1454.8],[1508.7],[1544.3],[1575.8],[1611.6],[1665.8],[1762.5],[1745],[1719],[1775.1],[1748.7],[1821.6],[1895.5],[1947.7],[2001.8],[2050.6],[2064.4],[2158.1],[2143.7],[2217.9],[2263.3],[2150.2],[2281.1],[2382.9],[2441.6],[2494.9],[2239.1],[2376.3],[2409.4],[2568.1],[2636.8],[2793.2],[2851.3],[2935.4],[2880.5],[2709.9],[2719.4],[2818.7],[2932],[3001.4],[3009],[3143.4],[3285.4],[3299.8],[3444.9],[3533],[3487.4],[3691.2],[3851],[3897.5],[3826.7]],[[43.8],[-20.6],[62.5],[28.7],[14.8],[-0.5],[11.8],[32.3],[79.9],[-52.3],[-45.6],[39.5],[-33.8],[42.7],[61.4],[33],[35],[9.3],[2.9],[73],[-29.5],[50.4],[32.4],[-127.5],[116.2],[74.7],[46.7],[30],[-269.7],[130.3],[26.9],[142.5],[49.1],[123.9],[41.4],[65.1],[-72.3],[-201],[-11.8],[87.2],[86.7],[39.5],[-13.9],[123],[123],[-12.7],[128.1],[75.6],[-50],[171.5],[132.1],[26.4],[-103.3]],[[19.1],[38.2],[13.5],[25.2],[20.8],[32],[24.1],[21.9],[16.8],[34.8],[19.6],[16.5],[7.5],[30.2],[12.5],[19.3],[19.1],[39.5],[10.8],[20.8],[15.1],[23.8],[13],[14.5],[14.7],[27.1],[12],[23.3],[13.9],[7],[6.2],[16.2],[19.6],[32.4],[16.7],[18.9],[17.4],[30.5],[21.3],[12.1],[26.6],[29.9],[21.5],[11.3],[19.1],[27.1],[17.1],[12.5],[4.3],[32.3],[27.7],[20.1],[32.5]]]

[]

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Government

National general government financial assets

National general government selected financial assets, $b
	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25	Transactions, Mar-26	Amounts outstanding, Mar-26
Total assets	-1.4	785.1	-17.1	771.6	30.7	795.2
Deposits	2.4	135.0	-20.3	114.5	31.7	145.7
	Central bank	4.4	92.6	-21.1	71.5	29.2	100.7
	Authorised deposit taking institutions	-0.6	31.5	1.1	32.5	0.5	32.8
One name paper	2.5	26.9	-1.1	25.5	-0.8	24.3
Shares and equity	2.8	257.3	5.7	266.8	4.0	261.7
Other assets	-9.0	365.8	-1.4	364.8	-4.2	363.5

National general government liabilities

National general government selected liabilities, $b
	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25	Transactions, Mar-26	Amounts outstanding, Mar-26
Total liabilities	36.6	1454.9	1.8	1435.0	41.7	1474.6
One name paper	-6.2	26.6	19.4	46.0	-2.0	44.0
Bonds	37.2	901.3	-14.3	861.8	35.9	891.4
	Central bank	1.5	212.2	-17.9	188.1	1.4	188.1
	Authorised deposit taking institutions	5.6	149.1	-16.5	128.3	-0.2	127.1
	Rest of world	31.2	435.2	18.2	442.1	26.2	465.8
Other liabilities	5.6	526.9	-3.3	527.2	7.8	539.1

State and local general government financial assets

State and local general government selected financial assets, $b
	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25	Transactions, Mar-26	Amounts outstanding, Mar-26
Total assets	8.7	742.9	-6.4	755.8	2.4	771.4
Deposits	7.5	93.4	-2.6	90.8	-0.1	90.7
Loans and placements	1.1	79.4	-2.0	77.4	1.8	79.2
Shares and equity	-2.0	533.7	-0.8	552.4	0.7	566.5
	State and local PNFCs	0.0	420.1	0.0	423.9	0.0	431.2
	Other private non-fin corps	-0.5	41.9	-0.2	41.7	0.1	41.5
Other assets	2.1	36.4	-1.0	35.2	0.0	35.1

State and local general government liabilities

State and local general government selected liabilities, $b
	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25	Transactions, Mar-26	Amounts outstanding, Mar-26
Total liabilities	26.5	707.9	18.8	722.6	6.4	728.6
Loans and placements	23.3	498.9	18.5	517.4	4.3	521.7
	Central borrowing authorities	23.9	479.8	19.4	499.1	4.4	503.5
Unfunded superannuation claims	0.6	103.9	0.6	100.6	0.5	101.0
Other liabilities	2.6	105.1	-0.3	104.6	1.6	105.9

General government

General government (national, and state) were net borrowers of $15.0b. This was driven by a:

$36.9b net issuance of bond liabilities

Partly offset by:

$31.6b placed in deposits

Loan liabilities of state and local general government reached record levels of $521.7b as state governments continued to source funding for operating expenses and health and transport infrastructure projects.

General government's change in financial position
	Net lending/borrowing ($b)	Deposits ($b)	Notes ($b)	Bonds ($b)	Loans ($b)	Other ($b)
Mar-13	-15.5	0.5	1.8	-13.3	-2.1	-2.4
Jun-13	-14.0	1.0	14.3	-8.7	0.6	-21.2
Sep-13	-20.2	6.0	-1.5	-24.7	-11.3	11.4
Dec-13	-10.9	5.6	-0.4	-16.4	-0.3	0.7
Mar-14	-11.0	13.5	8.6	-27.8	-2.5	-2.8
Jun-14	-10.2	-8.4	-3.3	-4.6	1.0	5.1
Sep-14	-18.4	6.5	-1.7	-18.4	-4.5	-0.3
Dec-14	-10.0	0.4	-1.1	-10.8	3.3	-1.8
Mar-15	-3.6	12.2	3.5	-16.0	0.4	-3.8
Jun-15	-8.4	-5.1	-0.2	-7.3	2.1	2.2
Sep-15	-15.0	1.9	-1.9	-26.3	-1.3	12.6
Dec-15	-7.2	-7.0	5.8	-7.6	6.8	-5.2
Mar-16	-8.8	9.3	1.7	-22.1	1.5	0.8
Jun-16	-6.0	1.1	0.5	-4.8	-0.4	-2.3
Sep-16	-22.1	-3.1	3.7	-24.0	-0.7	1.9
Dec-16	-24.1	11.5	0.8	-23.7	4.6	-17.3
Mar-17	2.2	7.9	0.5	-20.7	2.2	12.3
Jun-17	-12.8	15.7	6.9	-19.8	-0.5	-15.2
Sep-17	-18.7	-24.2	0.5	-0.9	-4.0	9.8
Dec-17	-2.6	8.6	-5.6	-14.7	1.7	7.4
Mar-18	-0.9	-1.0	-2.2	-5.1	1.6	5.8
Jun-18	-0.2	5.0	6.2	-11.3	6.2	-6.3
Sep-18	-18.5	-3.3	-0.3	-2.4	-1.8	-10.7
Dec-18	-9.2	-18.2	2.0	-2.3	-3.1	12.4
Mar-19	-0.3	-1.4	1.6	3.7	0.4	-4.7
Jun-19	-9.2	6.6	0.1	-10.5	-2.5	-3.0
Sep-19	-22.9	0.3	-1.3	-13.7	-8.6	0.3
Dec-19	-14.2	-7.7	-4.0	1.0	-6.3	2.8
Mar-20	-14.3	21.1	-16.3	-15.7	-12.7	9.3
Jun-20	-89.0	46.9	-25.8	-71.0	-26.0	-13.1
Sep-20	-110.8	42.4	0.1	-117.2	-30.5	-5.6
Dec-20	-44.9	-32.3	16.5	-23.0	-21.7	15.7
Mar-21	-14.6	-15.0	14.0	-21.9	-0.5	8.8
Jun-21	-9.8	1.1	4.6	-5.7	1.1	-11.0
Sep-21	-44.9	9.6	0.0	-23.9	-25.5	-5.1
Dec-21	-30.1	8.8	-5.2	-8.4	-6.3	-19.0
Mar-22	-5.4	3.1	3.5	-18.4	0.3	6.2
Jun-22	-10.6	34.3	-8.6	-26.0	-8.1	-2.2
Sep-22	-34.5	-6.6	1.3	4.6	-24.0	-9.8
Dec-22	-12.5	-14.2	-0.5	-1.5	-2.5	6.1
Mar-23	10.3	18.6	-4.9	-11.4	-1.3	9.4
Jun-23	3.4	11.5	10.0	14.9	-4.0	-29.0
Sep-23	-28.9	-10.9	-5.8	-7.2	-14.4	9.4
Dec-23	-27.3	-8.0	4.8	-15.4	-12.3	3.6
Mar-24	-7.3	11.0	-3.2	-4.2	-9.8	-1.0
Jun-24	-15.1	3.7	-3.7	19.4	-13.3	-21.2
Sep-24	-41.4	11.9	0.6	-27.6	-22.6	-3.7
Dec-24	-41.3	-38.1	-8.1	24.0	-19.1	-0.1
Mar-25	-20.1	38.3	-17.7	-21.1	-3.0	-16.6
Jun-25	-26.3	-22.4	14.3	14.4	-5.8	-26.8
Sep-25	-55.8	9.8	8.7	-37.7	-31.8	-4.9
Dec-25	-44.1	-23.0	-20.0	12.6	-19.7	5.9
Mar-26	-15.0	31.6	1.2	-37.0	0.3	-11.1

General government's change in financial position

["","Net lending\/borrowing","Deposits","Notes","Bonds","Loans","Other"]

[["Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25","Mar-26"],[[-15.5],[-14],[-20.2],[-10.9],[-11],[-10.2],[-18.4],[-10],[-3.6],[-8.4],[-15],[-7.2],[-8.8],[-6],[-22.1],[-24.1],[2.2],[-12.8],[-18.7],[-2.6],[-0.9],[-0.2],[-18.5],[-9.2],[-0.3],[-9.2],[-22.9],[-14.2],[-14.3],[-89],[-110.8],[-44.9],[-14.6],[-9.8],[-44.9],[-30.1],[-5.4],[-10.6],[-34.5],[-12.5],[10.3],[3.4],[-28.9],[-27.3],[-7.3],[-15.1],[-41.4],[-41.3],[-20.1],[-26.3],[-55.8],[-44.1],[-15]],[[0.5],[1],[6],[5.6],[13.5],[-8.4],[6.5],[0.4],[12.2],[-5.1],[1.9],[-7],[9.3],[1.1],[-3.1],[11.5],[7.9],[15.7],[-24.2],[8.6],[-1],[5],[-3.3],[-18.2],[-1.4],[6.6],[0.3],[-7.7],[21.1],[46.9],[42.4],[-32.3],[-15],[1.1],[9.6],[8.8],[3.1],[34.3],[-6.6],[-14.2],[18.6],[11.5],[-10.9],[-8],[11],[3.7],[11.9],[-38.1],[38.3],[-22.4],[9.8],[-23],[31.6]],[[1.8],[14.3],[-1.5],[-0.4],[8.6],[-3.3],[-1.7],[-1.1],[3.5],[-0.2],[-1.9],[5.8],[1.7],[0.5],[3.7],[0.8],[0.5],[6.9],[0.5],[-5.6],[-2.2],[6.2],[-0.3],[2],[1.6],[0.1],[-1.3],[-4],[-16.3],[-25.8],[0.1],[16.5],[14],[4.6],[0],[-5.2],[3.5],[-8.6],[1.3],[-0.5],[-4.9],[10],[-5.8],[4.8],[-3.2],[-3.7],[0.6],[-8.1],[-17.7],[14.3],[8.7],[-20],[1.2]],[[-13.3],[-8.7],[-24.7],[-16.4],[-27.8],[-4.6],[-18.4],[-10.8],[-16],[-7.3],[-26.3],[-7.6],[-22.1],[-4.8],[-24],[-23.7],[-20.7],[-19.8],[-0.9],[-14.7],[-5.1],[-11.3],[-2.4],[-2.3],[3.7],[-10.5],[-13.7],[1],[-15.7],[-71],[-117.2],[-23],[-21.9],[-5.7],[-23.9],[-8.4],[-18.4],[-26],[4.6],[-1.5],[-11.4],[14.9],[-7.2],[-15.4],[-4.2],[19.4],[-27.6],[24],[-21.1],[14.4],[-37.7],[12.6],[-37]],[[-2.1],[0.6],[-11.3],[-0.3],[-2.5],[1],[-4.5],[3.3],[0.4],[2.1],[-1.3],[6.8],[1.5],[-0.4],[-0.7],[4.6],[2.2],[-0.5],[-4],[1.7],[1.6],[6.2],[-1.8],[-3.1],[0.4],[-2.5],[-8.6],[-6.3],[-12.7],[-26],[-30.5],[-21.7],[-0.5],[1.1],[-25.5],[-6.3],[0.3],[-8.1],[-24],[-2.5],[-1.3],[-4],[-14.4],[-12.3],[-9.8],[-13.3],[-22.6],[-19.1],[-3],[-5.8],[-31.8],[-19.7],[0.3]],[[-2.4],[-21.2],[11.4],[0.7],[-2.8],[5.1],[-0.3],[-1.8],[-3.8],[2.2],[12.6],[-5.2],[0.8],[-2.3],[1.9],[-17.3],[12.3],[-15.2],[9.8],[7.4],[5.8],[-6.3],[-10.7],[12.4],[-4.7],[-3],[0.3],[2.8],[9.3],[-13.1],[-5.6],[15.7],[8.8],[-11],[-5.1],[-19],[6.2],[-2.2],[-9.8],[6.1],[9.4],[-29],[9.4],[3.6],[-1],[-21.2],[-3.7],[-0.1],[-16.6],[-26.8],[-4.9],[5.9],[-11.1]]]

[]

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"Other" includes gold and special drawing rights, currency, bills of exchange, derivatives, shares and equity, unfunded superannuation and accounts payable/receivable.

Capital investment

Figures in the capital investment section are in seasonally adjusted current prices.

Net lending (+) / borrowing (-)

Australia's net borrowing position rose by $2.5b to $27.4b this quarter.

This was driven by a:

$5.6b rise in gross fixed capital formation
$2.7b rise in net savings

This was partly offset by a:

$3.2b fall in change in inventories

National net lending (+) / borrowing (-), relative to GDP, seasonally adjusted, $b
	Net lending / net borrowing relative to GDP
Mar-69	-2
Jun-69	-2
Sep-69	-1
Dec-69	-2
Mar-70	-1
Jun-70	-2
Sep-70	-2
Dec-70	-2
Mar-71	-2
Jun-71	-1
Sep-71	-1
Dec-71	-1
Mar-72	0
Jun-72	1
Sep-72	2
Dec-72	2
Mar-73	2
Jun-73	2
Sep-73	0
Dec-73	0
Mar-74	-2
Jun-74	-4
Sep-74	-3
Dec-74	-3
Mar-75	0
Jun-75	0
Sep-75	-1
Dec-75	-2
Mar-76	-2
Jun-76	-1
Sep-76	-1
Dec-76	-2
Mar-77	-3
Jun-77	-3
Sep-77	-3
Dec-77	-1
Mar-78	-3
Jun-78	-3
Sep-78	-4
Dec-78	-4
Mar-79	-2
Jun-79	-2
Sep-79	-2
Dec-79	-1
Mar-80	-1
Jun-80	-2
Sep-80	-4
Dec-80	-3
Mar-81	-3
Jun-81	-4
Sep-81	-4
Dec-81	-5
Mar-82	-6
Jun-82	-5
Sep-82	-4
Dec-82	-3
Mar-83	-4
Jun-83	-3
Sep-83	-4
Dec-83	-3
Mar-84	-4
Jun-84	-4
Sep-84	-4
Dec-84	-5
Mar-85	-4
Jun-85	-5
Sep-85	-6
Dec-85	-6
Mar-86	-6
Jun-86	-6
Sep-86	-5
Dec-86	-4
Mar-87	-4
Jun-87	-3
Sep-87	-3
Dec-87	-3
Mar-88	-3
Jun-88	-3
Sep-88	-4
Dec-88	-5
Mar-89	-6
Jun-89	-6
Sep-89	-6
Dec-89	-6
Mar-90	-6
Jun-90	-4
Sep-90	-4
Dec-90	-5
Mar-91	-4
Jun-91	-3
Sep-91	-3
Dec-91	-3
Mar-92	-3
Jun-92	-3
Sep-92	-4
Dec-92	-3
Mar-93	-3
Jun-93	-3
Sep-93	-3
Dec-93	-3
Mar-94	-3
Jun-94	-4
Sep-94	-6
Dec-94	-5
Mar-95	-6
Jun-95	-5
Sep-95	-4
Dec-95	-5
Mar-96	-4
Jun-96	-3
Sep-96	-4
Dec-96	-4
Mar-97	-3
Jun-97	-2
Sep-97	-3
Dec-97	-4
Mar-98	-5
Jun-98	-4
Sep-98	-6
Dec-98	-5
Mar-99	-6
Jun-99	-6
Sep-99	-6
Dec-99	-5
Mar-00	-5
Jun-00	-5
Sep-00	-3
Dec-00	-3
Mar-01	-3
Jun-01	-2
Sep-01	-2
Dec-01	-3
Mar-02	-3
Jun-02	-4
Sep-02	-4
Dec-02	-5
Mar-03	-5
Jun-03	-6
Sep-03	-5
Dec-03	-5
Mar-04	-6
Jun-04	-6
Sep-04	-7
Dec-04	-7
Mar-05	-7
Jun-05	-6
Sep-05	-6
Dec-05	-6
Mar-06	-6
Jun-06	-6
Sep-06	-6
Dec-06	-6
Mar-07	-6
Jun-07	-7
Sep-07	-7
Dec-07	-7
Mar-08	-7
Jun-08	-6
Sep-08	-4
Dec-08	-3
Mar-09	-2
Jun-09	-5
Sep-09	-5
Dec-09	-6
Mar-10	-6
Jun-10	-3
Sep-10	-3
Dec-10	-4
Mar-11	-3
Jun-11	-3
Sep-11	-3
Dec-11	-3
Mar-12	-5
Jun-12	-4
Sep-12	-4
Dec-12	-5
Mar-13	-4
Jun-13	-4
Sep-13	-4
Dec-13	-3
Mar-14	-3
Jun-14	-3
Sep-14	-3
Dec-14	-3
Mar-15	-3
Jun-15	-5
Sep-15	-5
Dec-15	-5
Mar-16	-5
Jun-16	-5
Sep-16	-4
Dec-16	-2
Mar-17	-2
Jun-17	-3
Sep-17	-3
Dec-17	-4
Mar-18	-3
Jun-18	-3
Sep-18	-2
Dec-18	-2
Mar-19	-1
Jun-19	0
Sep-19	1
Dec-19	0
Mar-20	1
Jun-20	3
Sep-20	1
Dec-20	2
Mar-21	3
Jun-21	3
Sep-21	3
Dec-21	0
Mar-22	0
Jun-22	2
Sep-22	-1
Dec-22	1
Mar-23	0
Jun-23	0
Sep-23	-1
Dec-23	0
Mar-24	-1
Jun-24	-2
Sep-24	-3
Dec-24	-3
Mar-25	-3
Jun-25	-3
Sep-25	-3
Dec-25	-3
Mar-26	-4

National net lending (+) / borrowing (-), relative to GDP, seasonally adjusted, $b

["","Net lending \/ net borrowing relative to GDP"]

[["Mar-69","Jun-69","Sep-69","Dec-69","Mar-70","Jun-70","Sep-70","Dec-70","Mar-71","Jun-71","Sep-71","Dec-71","Mar-72","Jun-72","Sep-72","Dec-72","Mar-73","Jun-73","Sep-73","Dec-73","Mar-74","Jun-74","Sep-74","Dec-74","Mar-75","Jun-75","Sep-75","Dec-75","Mar-76","Jun-76","Sep-76","Dec-76","Mar-77","Jun-77","Sep-77","Dec-77","Mar-78","Jun-78","Sep-78","Dec-78","Mar-79","Jun-79","Sep-79","Dec-79","Mar-80","Jun-80","Sep-80","Dec-80","Mar-81","Jun-81","Sep-81","Dec-81","Mar-82","Jun-82","Sep-82","Dec-82","Mar-83","Jun-83","Sep-83","Dec-83","Mar-84","Jun-84","Sep-84","Dec-84","Mar-85","Jun-85","Sep-85","Dec-85","Mar-86","Jun-86","Sep-86","Dec-86","Mar-87","Jun-87","Sep-87","Dec-87","Mar-88","Jun-88","Sep-88","Dec-88","Mar-89","Jun-89","Sep-89","Dec-89","Mar-90","Jun-90","Sep-90","Dec-90","Mar-91","Jun-91","Sep-91","Dec-91","Mar-92","Jun-92","Sep-92","Dec-92","Mar-93","Jun-93","Sep-93","Dec-93","Mar-94","Jun-94","Sep-94","Dec-94","Mar-95","Jun-95","Sep-95","Dec-95","Mar-96","Jun-96","Sep-96","Dec-96","Mar-97","Jun-97","Sep-97","Dec-97","Mar-98","Jun-98","Sep-98","Dec-98","Mar-99","Jun-99","Sep-99","Dec-99","Mar-00","Jun-00","Sep-00","Dec-00","Mar-01","Jun-01","Sep-01","Dec-01","Mar-02","Jun-02","Sep-02","Dec-02","Mar-03","Jun-03","Sep-03","Dec-03","Mar-04","Jun-04","Sep-04","Dec-04","Mar-05","Jun-05","Sep-05","Dec-05","Mar-06","Jun-06","Sep-06","Dec-06","Mar-07","Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25","Mar-26"],[[-2.4],[-2.3],[-1.4],[-1.7],[-1.4],[-1.9],[-1.5],[-1.7],[-2.1],[-1.1],[-0.9],[-1.4],[-0.2],[1.1],[1.6],[2.2],[2],[1.6],[0.3],[0.4],[-1.9],[-3.5],[-3.1],[-2.5],[-0.4],[0.1],[-1.1],[-1.9],[-1.8],[-1.1],[-1.2],[-1.8],[-3],[-2.9],[-3.1],[-1.2],[-3],[-3.1],[-3.7],[-3.6],[-2],[-2],[-1.8],[-0.8],[-1],[-1.8],[-3.8],[-3.3],[-3],[-4.2],[-4.2],[-5.4],[-5.5],[-4.8],[-3.5],[-3.4],[-3.6],[-3],[-3.7],[-2.8],[-4],[-3.5],[-4.4],[-5.2],[-4.1],[-4.5],[-5.6],[-5.7],[-6],[-5.6],[-4.8],[-4.4],[-4.1],[-3.2],[-3.3],[-3.3],[-3.1],[-2.9],[-4],[-4.8],[-5.7],[-6],[-6.4],[-6.2],[-6.2],[-4.4],[-4.1],[-4.9],[-3.9],[-3.3],[-3.2],[-3],[-3],[-3.3],[-3.8],[-3.2],[-2.9],[-3.2],[-3.3],[-3],[-2.8],[-4.4],[-5.6],[-5.3],[-5.9],[-5.1],[-4.4],[-4.8],[-4.1],[-2.8],[-3.9],[-3.5],[-3],[-2],[-3.2],[-3.7],[-5],[-4.2],[-5.6],[-5],[-5.7],[-6],[-5.7],[-4.8],[-5],[-5],[-3.2],[-3.3],[-2.6],[-2.2],[-1.7],[-2.8],[-2.6],[-3.6],[-4],[-5.1],[-5],[-5.6],[-5.4],[-5.4],[-5.8],[-5.5],[-6.6],[-7.3],[-6.5],[-5.7],[-6],[-5.7],[-5.6],[-6.3],[-5.7],[-5.9],[-6.2],[-6.6],[-6.8],[-7.3],[-6.8],[-5.8],[-4],[-3],[-1.5],[-5],[-5.3],[-6.4],[-5.5],[-2.9],[-3],[-3.5],[-3.4],[-3.1],[-2.7],[-2.9],[-4.7],[-3.7],[-4.3],[-4.8],[-3.5],[-3.6],[-3.7],[-2.8],[-2.7],[-3.2],[-3.4],[-3.2],[-3.4],[-5.2],[-5],[-5.4],[-4.5],[-4.5],[-3.6],[-1.6],[-2.3],[-2.7],[-2.8],[-3.6],[-3.1],[-3.2],[-2.4],[-1.9],[-1.3],[0],[0.9],[-0.3],[0.5],[2.5],[1.2],[2],[2.7],[3],[3.3],[0.1],[-0.1],[1.5],[-0.8],[0.5],[0.3],[-0.3],[-1.4],[-0.4],[-1.4],[-2.4],[-2.5],[-2.7],[-2.6],[-2.6],[-2.7],[-3.4],[-3.7]]]

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National net borrowing as a proportion of GDP rose this quarter, driven by an rise in gross fixed capital formation.

Financial corporations' net lending rose by $3.8b to $5.9b.
Non-financial corporations' net borrowing remained at $18.9b.
General government net borrowing rose by $2.5b to $33.8b.
Households' net lending fell by $2.1b to $16.2b.

Notable drivers included the following:

Financial corporations' net lending was driven by a fall in net savings due to a fall in dividends receivable.
Non-financial corporations' net borrowing was driven by a fall in change in inventories from public non-financial corporations being offset by a rise in gross fixed capital formation from private non-financial corporations.
General government net borrowing was driven by a fall in net savings from State & Local General Government due to a fall in property income receivable.
Households' net lending was driven by a fall in net savings due to a rise in final consumption expenditure.

Net lending (+) / borrowing (-), by sector, seasonally adjusted, $b
	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Mar-13	-20.8	9.3	-14.1	11.0
Jun-13	-25.1	9.7	-4.3	9.7
Sep-13	-20.3	8.6	-12.1	8.7
Dec-13	-21.2	8.6	-11.4	10.5
Mar-14	-19.5	8.9	-12.3	10.7
Jun-14	-22.2	7.7	-8.6	12.5
Sep-14	-23.1	8.0	-10.2	9.7
Dec-14	-19.4	5.8	-10.6	9.4
Mar-15	-21.9	7.2	-8.3	8.2
Jun-15	-21.7	4.9	-7.1	10.0
Sep-15	-24.5	6.9	-7.3	6.6
Dec-15	-24.2	8.7	-7.2	2.6
Mar-16	-21.6	7.4	-10.8	2.2
Jun-16	-19.9	8.4	-11.6	3.0
Sep-16	-16.9	8.0	-11.2	2.8
Dec-16	-9.9	7.0	-5.7	1.0
Mar-17	-9.1	4.8	-3.1	0.8
Jun-17	-10.7	7.3	-7.8	-0.5
Sep-17	-14.8	7.5	-6.0	-0.4
Dec-17	-15.4	5.2	-6.6	2.1
Mar-18	-14.8	7.6	-6.4	0.6
Jun-18	-21.6	6.3	-4.3	-0.5
Sep-18	-15.5	5.3	-5.8	1.9
Dec-18	-14.6	5.6	-7.5	5.4
Mar-19	-10.0	6.7	-8.2	7.8
Jun-19	-8.2	6.2	-5.2	6.2
Sep-19	-5.2	5.3	-11.8	14.4
Dec-19	-7.9	4.0	-11.9	12.1
Mar-20	-2.8	2.8	-14.6	20.1
Jun-20	24.0	12.0	-95.7	69.6
Sep-20	29.2	2.7	-86.1	61.0
Dec-20	15.5	1.0	-43.2	36.2
Mar-21	5.1	0.6	-26.1	36.1
Jun-21	0.7	1.4	-12.7	26.6
Sep-21	-4.3	4.1	-38.2	58.7
Dec-21	-5.6	-1.7	-26.2	31.7
Mar-22	-2.4	-5.6	-19.3	27.5
Jun-22	5.3	1.7	-15.3	19.4
Sep-22	-6.7	8.2	-17.4	17.8
Dec-22	-20.8	9.9	-6.1	3.6
Mar-23	3.4	5.7	-8.6	0.6
Jun-23	-5.1	8.0	-12.1	-1.8
Sep-23	-7.3	9.9	-10.5	-1.7
Dec-23	-7.8	11.2	-15.9	6.6
Mar-24	-7.5	10.3	-16.0	2.4
Jun-24	-14.7	15.6	-19.9	3.8
Sep-24	-11.4	9.0	-24.3	10.1
Dec-24	-15.0	11.2	-27.9	12.6
Mar-25	-11.3	6.3	-32.0	18.0
Jun-25	-14.6	12.6	-27.3	14.9
Sep-25	-13.5	5.1	-39.2	25.9
Dec-25	-18.9	9.6	-31.4	18.3
Mar-26	-18.9	5.9	-33.8	16.2

Net lending (+) / borrowing (-), by sector, seasonally adjusted, $b

["","Non-financial\u00a0corporations","Financial\u00a0corporations","General\u00a0government","Households"]

[["Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25","Mar-26"],[[-20.8],[-25.1],[-20.3],[-21.2],[-19.5],[-22.2],[-23.1],[-19.4],[-21.9],[-21.7],[-24.5],[-24.2],[-21.6],[-19.9],[-16.9],[-9.9],[-9.1],[-10.7],[-14.8],[-15.4],[-14.8],[-21.6],[-15.5],[-14.6],[-10],[-8.2],[-5.2],[-7.9],[-2.8],[24],[29.2],[15.5],[5.1],[0.7],[-4.3],[-5.6],[-2.4],[5.3],[-6.7],[-20.8],[3.4],[-5.1],[-7.3],[-7.8],[-7.5],[-14.7],[-11.4],[-15],[-11.3],[-14.6],[-13.5],[-18.9],[-18.9]],[[9.3],[9.7],[8.6],[8.6],[8.9],[7.7],[8],[5.8],[7.2],[4.9],[6.9],[8.7],[7.4],[8.4],[8],[7],[4.8],[7.3],[7.5],[5.2],[7.6],[6.3],[5.3],[5.6],[6.7],[6.2],[5.3],[4],[2.8],[12],[2.7],[1],[0.6],[1.4],[4.1],[-1.7],[-5.6],[1.7],[8.2],[9.9],[5.7],[8],[9.9],[11.2],[10.3],[15.6],[9],[11.2],[6.3],[12.6],[5.1],[9.6],[5.9]],[[-14.1],[-4.3],[-12.1],[-11.4],[-12.3],[-8.6],[-10.2],[-10.6],[-8.3],[-7.1],[-7.3],[-7.2],[-10.8],[-11.6],[-11.2],[-5.7],[-3.1],[-7.8],[-6],[-6.6],[-6.4],[-4.3],[-5.8],[-7.5],[-8.2],[-5.2],[-11.8],[-11.9],[-14.6],[-95.7],[-86.1],[-43.2],[-26.1],[-12.7],[-38.2],[-26.2],[-19.3],[-15.3],[-17.4],[-6.1],[-8.6],[-12.1],[-10.5],[-15.9],[-16],[-19.9],[-24.3],[-27.9],[-32],[-27.3],[-39.2],[-31.4],[-33.8]],[[11],[9.7],[8.7],[10.5],[10.7],[12.5],[9.7],[9.4],[8.2],[10],[6.6],[2.6],[2.2],[3],[2.8],[1],[0.8],[-0.5],[-0.4],[2.1],[0.6],[-0.5],[1.9],[5.4],[7.8],[6.2],[14.4],[12.1],[20.1],[69.6],[61],[36.2],[36.1],[26.6],[58.7],[31.7],[27.5],[19.4],[17.8],[3.6],[0.6],[-1.8],[-1.7],[6.6],[2.4],[3.8],[10.1],[12.6],[18],[14.9],[25.9],[18.3],[16.2]]]

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Capital Investment

National capital investment increased to 25.1% as a proportion of GDP, while increasing 3.1% in current price seasonally adjusted terms.

Relative to GDP:

Household capital investment rose to 8.2%
Non-financial corporations' capital investment rose to 12.3%
Financial corporations' capital investment remained at 0.6%
General government capital investment rose to 4.0%

In current price seasonally adjusted terms:

Non-financial corporations' capital investment rose, driven by an increase in private non-financial corporations.
General government capital investment rose, driven by an increase in both national general government and state and local general government.

Gross fixed capital formation, by sector, seasonally adjusted, $b
	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Mar-13	62.0	2.5	13.3	28.0
Jun-13	62.4	2.5	11.5	29.0
Sep-13	63.3	2.4	12.6	29.6
Dec-13	62.9	2.3	12.8	30.2
Mar-14	60.6	2.4	13.2	31.1
Jun-14	59.8	2.4	12.6	31.6
Sep-14	57.1	2.7	12.8	33.5
Dec-14	56.1	2.8	12.8	35.2
Mar-15	54.9	2.7	12.4	36.3
Jun-15	54.4	2.6	12.9	36.1
Sep-15	52.6	2.9	12.4	37.9
Dec-15	51.8	2.9	12.5	38.1
Mar-16	49.7	2.9	14.1	38.6
Jun-16	47.4	2.8	14.6	39.5
Sep-16	45.4	2.9	14.1	40.0
Dec-16	47.5	2.9	14.5	40.9
Mar-17	46.7	2.9	15.7	41.1
Jun-17	45.9	2.9	17.8	41.4
Sep-17	51.2	2.5	17.1	40.7
Dec-17	50.3	3.1	17.5	40.9
Mar-18	50.9	3.1	17.5	42.0
Jun-18	51.0	3.1	17.4	42.8
Sep-18	52.0	3.1	18.9	41.4
Dec-18	51.7	3.1	19.0	40.3
Mar-19	52.2	3.0	19.2	39.1
Jun-19	52.8	3.1	18.6	38.3
Sep-19	53.8	3.0	19.8	38.1
Dec-19	53.3	3.0	20.5	38.1
Mar-20	53.2	2.9	19.9	38.3
Jun-20	51.4	2.7	18.8	35.7
Sep-20	51.1	2.7	19.4	36.5
Dec-20	52.4	2.8	20.4	39.4
Mar-21	54.9	3.0	20.4	42.6
Jun-21	57.0	3.0	21.3	45.0
Sep-21	58.8	2.9	21.9	45.5
Dec-21	60.6	3.0	21.9	47.0
Mar-22	62.7	3.1	22.6	48.7
Jun-22	65.4	3.2	23.7	48.6
Sep-22	67.0	3.4	23.9	49.2
Dec-22	68.2	3.4	24.4	49.7
Mar-23	71.2	3.5	25.3	50.2
Jun-23	74.9	3.6	26.9	51.9
Sep-23	77.6	3.6	27.5	50.7
Dec-23	79.5	3.7	26.9	50.5
Mar-24	79.4	3.7	26.8	51.2
Jun-24	80.8	3.8	27.0	53.0
Sep-24	81.6	3.9	28.5	53.9
Dec-24	82.2	4.0	28.1	54.5
Mar-25	83.0	4.0	28.3	55.0
Jun-25	83.2	4.0	27.0	55.9
Sep-25	86.5	4.2	27.9	57.9
Dec-25	86.4	4.2	28.7	59.5
Mar-26	90.6	4.4	29.2	60.3

Gross fixed capital formation, by sector, seasonally adjusted, $b

["","Non-financial\u00a0corporations","Financial\u00a0corporations","General\u00a0government","Households"]

[["Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25","Dec-25","Mar-26"],[[62],[62.4],[63.3],[62.9],[60.6],[59.8],[57.1],[56.1],[54.9],[54.4],[52.6],[51.8],[49.7],[47.4],[45.4],[47.5],[46.7],[45.9],[51.2],[50.3],[50.9],[51],[52],[51.7],[52.2],[52.8],[53.8],[53.3],[53.2],[51.4],[51.1],[52.4],[54.9],[57],[58.8],[60.6],[62.7],[65.4],[67],[68.2],[71.2],[74.9],[77.6],[79.5],[79.4],[80.8],[81.6],[82.2],[83],[83.2],[86.5],[86.4],[90.6]],[[2.5],[2.5],[2.4],[2.3],[2.4],[2.4],[2.7],[2.8],[2.7],[2.6],[2.9],[2.9],[2.9],[2.8],[2.9],[2.9],[2.9],[2.9],[2.5],[3.1],[3.1],[3.1],[3.1],[3.1],[3],[3.1],[3],[3],[2.9],[2.7],[2.7],[2.8],[3],[3],[2.9],[3],[3.1],[3.2],[3.4],[3.4],[3.5],[3.6],[3.6],[3.7],[3.7],[3.8],[3.9],[4],[4],[4],[4.2],[4.2],[4.4]],[[13.3],[11.5],[12.6],[12.8],[13.2],[12.6],[12.8],[12.8],[12.4],[12.9],[12.4],[12.5],[14.1],[14.6],[14.1],[14.5],[15.7],[17.8],[17.1],[17.5],[17.5],[17.4],[18.9],[19],[19.2],[18.6],[19.8],[20.5],[19.9],[18.8],[19.4],[20.4],[20.4],[21.3],[21.9],[21.9],[22.6],[23.7],[23.9],[24.4],[25.3],[26.9],[27.5],[26.9],[26.8],[27],[28.5],[28.1],[28.3],[27],[27.9],[28.7],[29.2]],[[28],[29],[29.6],[30.2],[31.1],[31.6],[33.5],[35.2],[36.3],[36.1],[37.9],[38.1],[38.6],[39.5],[40],[40.9],[41.1],[41.4],[40.7],[40.9],[42],[42.8],[41.4],[40.3],[39.1],[38.3],[38.1],[38.1],[38.3],[35.7],[36.5],[39.4],[42.6],[45],[45.5],[47],[48.7],[48.6],[49.2],[49.7],[50.2],[51.9],[50.7],[50.5],[51.2],[53],[53.9],[54.5],[55],[55.9],[57.9],[59.5],[60.3]]]

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Data downloads

Time series spreadsheets

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Data files

TABLE 1. Credit Market Outstandings ($ million)
Download xlsx [279.34 KB]
TABLE 2. Demand for Credit ($ million)
Download xlsx [260.52 KB]
TABLE 3. National Capital Account, Current prices ($ million)
Download xlsx [81.57 KB]
TABLE 4. National Financial Assets and Liabilities ($ million)
Download xlsx [107.16 KB]
TABLE 5. Non-Financial Corporations Capital Account, Current prices ($ million)
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TABLE 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million)
Download xlsx [394.4 KB]
TABLE 7. Private Non-Financial Corporations Capital Account, Current prices ($ million)
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TABLE 8. Financial Assets and Liabilities of Private Non-Financial Corporations ($ million)
Download xlsx [389.74 KB]
TABLE 9. Financial Assets and Liabilities of Private Non-Financial Investment Funds ($ million)
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TABLE 10. Financial Assets and Liabilities of Other Private Non-Financial Corporations ($ million)
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TABLE 11. Public Non-Financial Corporations Capital Account, Current prices ($ million)
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TABLE 12. Financial Assets and Liabilities of Public Non-Financial Corporations ($ million)
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TABLE 13. Financial Corporations Capital Account, Current prices ($ million)
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TABLE 14. Financial Assets and Liabilities of Financial Corporations ($ million)
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TABLE 15. Financial Assets and Liabilities of the Central Bank ($ million)
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TABLE 16. Financial Assets and Liabilities of Authorised Deposit taking Institutions ($ million)
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TABLE 17. Financial Assets and Liabilities of Other Broad Money Institutions ($ million)
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TABLE 18. Financial Assets and Liabilities of Pension Funds ($ million)
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TABLE 19. Pension Funds - Self-Managed Superannuation Funds Balance Sheet ($ million)
Download xlsx [72.67 KB]
TABLE 20. Financial Assets and Liabilities of Life Insurance Corporations ($ million)
Download xlsx [308.76 KB]
TABLE 21. Financial Assets and Liabilities of Non-Life Insurance Corporations ($ million)
Download xlsx [306.8 KB]
TABLE 22. Financial Assets and Liabilities of Money Market Financial Investment Funds ($ million)
Download xlsx [147.43 KB]
TABLE 23. Financial Assets and Liabilities of Non-Money Market Financial Investment Funds ($ million)
Download xlsx [287.07 KB]
TABLE 24. Financial Assets and Liabilities of Central Borrowing Authorities ($ million)
Download xlsx [269.6 KB]
TABLE 25. Financial Assets and Liabilities of Securitisers ($ million)
Download xlsx [211.12 KB]
TABLE 26. Financial Assets and Liabilities of Other Financial Corporations ($ million)
Download xlsx [331.68 KB]
TABLE 27. General Government Capital Account, Current prices ($ million)
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TABLE 28. Financial Assets and Liabilities of General Government ($ million)
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TABLE 29. National General Government Capital Account, Current prices ($ million)
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TABLE 30. Financial Assets and Liabilities of National General Government ($ million)
Download xlsx [289.95 KB]
TABLE 31. State and Local General Government Capital Account, Current prices ($ million)
Download xlsx [78.05 KB]
TABLE 32. Financial Assets and Liabilities of State and Local General Government ($ million)
Download xlsx [197.05 KB]
TABLE 33. Household Capital Account, Current prices ($ million)
Download xlsx [78.15 KB]
TABLE 34. Financial Assets and Liabilities of Households ($ million)
Download xlsx [262.75 KB]
TABLE 35. Household Balance Sheet, Current prices ($ billion)
Download xlsx [81.49 KB]
TABLE 36. Analytical Measures of Household Income, Consumption, Saving and Wealth, Current prices ($ billion)
Download xlsx [68.02 KB]
TABLE 37. Rest of World Capital Account, Current prices ($ million)
Download xlsx [66.97 KB]
TABLE 38. Financial Assets and Liabilities of Rest of World ($ million)
Download xlsx [475.94 KB]
TABLE 39. The Currency Market ($ million)
Download xlsx [81.65 KB]
TABLE 40. The Transferable Deposits Market ($ million)
Download xlsx [118.01 KB]
TABLE 41. The Other Deposits Market ($ million)
Download xlsx [128.95 KB]
TABLE 42. The Bills of Exchange Market ($ million)
Download xlsx [107.55 KB]
TABLE 43. The One Name Paper Market ($ million)
Download xlsx [379.3 KB]
TABLE 44. The Bonds Market ($ million)
Download xlsx [482.75 KB]
TABLE 45. The Derivatives and Employee Stock Options Market ($ million)
Download xlsx [195.47 KB]
TABLE 46. The Short Term Loans and Placements Market ($ million)
Download xlsx [162.29 KB]
TABLE 47. The Long Term Loans and Placements Market ($ million)
Download xlsx [368.66 KB]
TABLE 48. The Listed Shares and Other Equity Market ($ million)
Download xlsx [264.86 KB]
TABLE 49. The Unlisted Shares and Other Equity Market ($ million)
Download xlsx [335.17 KB]
TABLE 50. Accounts Payable/Receivable ($ million)
Download xlsx [404.2 KB]
TABLE 51. Financial Accounts Summary of Authorised Deposit taking Institution Deposits and Lending Split by Household Subsectors ($ million)
Download xlsx [56.63 KB]
TABLE 52. Financial Accounts Summary of Loan Outstandings to Households for Housing by Type of Lending Institution ($ million)
Download xlsx [57.28 KB]
TABLE 53. Nominal Value of Short Term Loans and Placements Market ($ million)
Download xlsx [161.97 KB]
TABLE 54. Nominal Value of Long Term Loans and Placements Market ($ million)
Download xlsx [370.53 KB]

Previous catalogue number

This release previously used catalogue number 5232.0

Revisions and changes

Revisions in this issue

There have been revisions to previously published aggregates after March quarter 2024. These revisions are due to quality assurance reviews and amendments to data collected in the ABS Survey of Financial Information, ABS Survey of International Investment and to data derived from Australian Prudential Regulation Authority (APRA) administrative data sets.

AASB 17 accounting standard

The adoption of the AASB 17 accounting standard by the insurance industry has resulted in changes to source data reporting. Consequently, some of the estimates for life insurance corporations since the September quarter 2023 have been modelled. While these series continue to be published, users are advised to apply caution.

ABS Managed Funds publication

Consultation with users and industry in late 2023 found that the Managed Funds publication and underlying collections no longer aligned with the way the industry operates and did not capture the full scope of activity. As a result, the Managed Funds publication was paused following the release of the December quarter 2023 issue.

The ABS is currently working with key stakeholders to improve the quality of our managed funds statistics.

ABS survey data on public offer unit trusts will continue to be used in the compilation of associated sectors in the National Accounts: Finance and Wealth publication (tables 9 and 23). In this publication, adjustments are made to these sectors to account for scope and coverage, based on other counterparty information, though some underlying quality issues remain. Users are advised to apply caution when using these statistics and use the methodology and data quality notes when referencing any data points. For additional information please see the December quarter 2023 Managed Funds publication.

Methodology

Scope

Includes national, sectoral and subsectoral financial accounts, capital accounts and balance sheets by financial instruments and counterparties. Key statistics produced are:

Household wealth
Demand for credit
Net lending/borrowing
Capital investment

Geography

The data available includes estimates for Australia.

Source

Data is sourced from the Survey of Financial Information (SFI) and Survey of International Investment (SII). This is supplemented with administrative data from the Australian Prudential Regulation Authority (APRA) and other government agencies.

Collection method

Data is collected quarterly via online surveys directly to the ABS. Additional administrative data is collected from financial institutions via the Australian Prudential Regulation Authority (APRA).

Concepts, sources and methods

The major concepts, definitions, data sources and methods used to prepare the National Accounts estimates are described in the Australian System of National Accounts: Concepts, Sources and Methods.

History of changes

Not applicable to this release.

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APA

Australian National Accounts: Finance and Wealth

APA

Key statistics

Main features

Financing resources and investment tables

Financial market summary table

Flow of funds diagrams

Net transactions during March quarter 2026

Amounts outstanding at end of March quarter 2026

National investment

Financial investment

Households

General government

Demand for credit

Demand for credit table

Other private non-financial corporations

General government

Households

Households

Balance sheet

Financial assets

Liabilities

Non-financial assets

Financial assets

Liabilities

Private non-financial corporations

Financial assets

Liabilities

Other private non-financial corporations demand for credit

Financial corporations

Financial assets and liabilities

Authorised deposit-taking institutions (ADIs)

Financial assets

Liabilities

Pension (superannuation) funds

Financial assets

Liabilities

Government

National general government financial assets

National general government liabilities

State and local general government financial assets

State and local general government liabilities

General government

Capital investment

Net lending (+) / borrowing (-)

Capital Investment

Data downloads

Time series spreadsheets

TABLE 1. Credit Market Outstandings ($ million)

TABLE 2. Demand for Credit ($ million)

TABLE 3. National Capital Account, Current prices ($ million)

TABLE 4. National Financial Assets and Liabilities ($ million)

TABLE 5. Non-Financial Corporations Capital Account, Current prices ($ million)

TABLE 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million)

TABLE 7. Private Non-Financial Corporations Capital Account, Current prices ($ million)

TABLE 8. Financial Assets and Liabilities of Private Non-Financial Corporations ($ million)

TABLE 9. Financial Assets and Liabilities of Private Non-Financial Investment Funds ($ million)

TABLE 10. Financial Assets and Liabilities of Other Private Non-Financial Corporations ($ million)

TABLE 11. Public Non-Financial Corporations Capital Account, Current prices ($ million)

TABLE 12. Financial Assets and Liabilities of Public Non-Financial Corporations ($ million)

TABLE 13. Financial Corporations Capital Account, Current prices ($ million)

TABLE 14. Financial Assets and Liabilities of Financial Corporations ($ million)

TABLE 15. Financial Assets and Liabilities of the Central Bank ($ million)

TABLE 16. Financial Assets and Liabilities of Authorised Deposit taking Institutions ($ million)

TABLE 17. Financial Assets and Liabilities of Other Broad Money Institutions ($ million)

TABLE 18. Financial Assets and Liabilities of Pension Funds ($ million)

TABLE 19. Pension Funds - Self-Managed Superannuation Funds Balance Sheet ($ million)

TABLE 20. Financial Assets and Liabilities of Life Insurance Corporations ($ million)

TABLE 21. Financial Assets and Liabilities of Non-Life Insurance Corporations ($ million)

TABLE 22. Financial Assets and Liabilities of Money Market Financial Investment Funds ($ million)

TABLE 23. Financial Assets and Liabilities of Non-Money Market Financial Investment Funds ($ million)

TABLE 24. Financial Assets and Liabilities of Central Borrowing Authorities ($ million)

TABLE 25. Financial Assets and Liabilities of Securitisers ($ million)

TABLE 26. Financial Assets and Liabilities of Other Financial Corporations ($ million)

TABLE 27. General Government Capital Account, Current prices ($ million)

TABLE 28. Financial Assets and Liabilities of General Government ($ million)

TABLE 29. National General Government Capital Account, Current prices ($ million)

TABLE 30. Financial Assets and Liabilities of National General Government ($ million)

TABLE 31. State and Local General Government Capital Account, Current prices ($ million)