A debt of duty

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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