One of the objectives of government reporting is to allow users the ability to assess the government's finances. A statement of changes in net debt is required. Describe what is meant by "net debt" and why this is an important indicator of the government's financial position. What information does this statement provide?

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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 changes in net debt is required. Describe what is meant by "net debt" and why this is an important indicator of the government's financial position. What information does this statement provide?

One of the Objectives of Government Reporting Is to Allow