Australian Office of Financial Management (AOFM)

The Australian Office of Financial Management (AOFM) is a government agency responsible for managing Australia's national debt and borrowing programs. Its main tasks include issuing government bonds to raise funds and ensuring the government has access to affordable financing for public spending. The AOFM also manages the timing and costs of debt repayment, aiming to keep Australia's debt at sustainable levels while supporting economic stability. Essentially, it acts as the government’s financial steward, ensuring the country's borrowing needs are met efficiently and transparently.