Part 3: Fiscal strategy and outlook

Net financial worth is estimated to be $518.8 billion in 201920 (25.8 per cent of GDP), $30.8 billion lower than estimated at the 2019 PEFO. This primarily reflects a rise in the market value of AGS due to lower yields and lease liabilities recognised due to the implementation of AASB 16. Net worth. is equal to total assets less total liabilities. ................
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