Australian Office of Financial Management

The Australian Office of Financial Management (AOFM) is a government agency responsible for managing Australia's national debt and borrowing activities. It issues government bonds and securities to raise funds needed for public spending, while also overseeing debt repayment and financial risk. Essentially, the AOFM acts as the government's financial agent, ensuring the country's borrowing is sustainable and cost-effective. It helps maintain financial stability and confidence in Australia's economy by managing public debt efficiently.