A debt of duty
The Australian Office of Financial Management has a central role to play in the government's efforts to ensure the country's economy weathers the ongoing financial storm. Kathleen Kearney speaks with the agency's chief executive, Neil Hyden
The Australian authorities have unveiled a series of initiatives - including an A$42 billion ($27 billion) fiscal stimulus plan on February 3 and a benchmark interest rate cut to 3.25% on the same day - aimed at warding off recession and ensuring the smooth function of its financial markets. Neil Hyden, chief executive of the Australian Office of Financial Management (AOFM) in Sydney, a unit of the Treasury responsible for operational aspects of Australian government debt, has a critical role to
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