Skip to main content


The AOFM manages the Australian Government’s financing and cash requirements to ensure its payment obligations are met.

The government’s payment obligations include public spending, investments and repaying debt. When tax receipts are not expected to meet the government’s payment obligations in any year, the AOFM borrows money on behalf of the Australian Government through global financial markets by issuing Australian Government Securities (AGS). This task requires the AOFM to manage the government’s debt portfolio and provide advice on the associated financial risks.

The AOFM also contributes to the domestic lending market by supporting small lenders through investment in securitisation products.

Learn more about our Operations.