Intersectoral financial flows
Net transactions during December quarter 2019
During December quarter 2019, financial corporations borrowed a net $21.3b from households, consisting of $12.0b in deposits and $19.3b in net equity in pension fund reserves, partially offset by $19.0b in household loan borrowings.
General government borrowed a net $12.6b from the rest of the world. This was driven by rest of world purchasing $10.4b of government bonds.
The rest of world sector borrowed a net $9.1b from the non-financial sector. This was primarily through increases in rest of world loan borrowings from non-financial corporations of $6.8b and non-financial corporations' purchases of rest of world equities of $6.3b, partially offset by a $4.4b decrease in non-financial corporations' deposits held by the rest of world sector.
Amounts outstanding at end of December quarter 2019
Net claims on non-financial corporations were $1,118.3b from financial corporations, $999.4b from rest of world, $716.8b from households and $413.2b from general government.
Net claims on financial corporations from household were $1,953.5b. These were mainly comprised of superannuation reserves of $2,793.0b and deposits of $1,115.2b, partly offset by household loan liabilities of $2,229.4b.