One of the objectives of government reporting is to allow users the ability to assess the government's finances. A statement of financial position is prepared and the government's "net debt" is presented on this statement. Describe what is meant by "net debt" and why this is an important indicator of the government's financial position.

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The Answer of One of the objectives of government reporting is to allow users the ability to assess the government's finances. A statement of financial position is prepared and the government's "net debt" is presented on this statement. Describe what is meant by "net debt" and why this is an important indicator of the government's financial position.

One of the Objectives of Government Reporting Is to Allow