Australia recorded a Government Budget deficit equal to 0.20 percent of the country's Gross Domestic Product in 2019. source: Australian Government, ADB

Government Budget in Australia averaged -0.77 percent of GDP from 1971 until 2019, reaching an all time high of 2.20 percent of GDP in 1971 and a record low of -4.20 percent of GDP in 2010. This page provides - Australia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Budget - values, historical data and charts - was last updated on December of 2020.

Government Budget in Australia is expected to reach -10.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Budget is projected to trend around -5.50 percent of GDP in 2021 and -2.20 percent of GDP in 2022, according to our econometric models.

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Australia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 -0.50 2.20 -4.20 1971 - 2019 percent of GDP Yearly

Australia Government Last Previous Highest Lowest Unit
Government Debt to GDP 45.10 41.50 45.10 9.70 percent [+]
Government Budget -0.20 -0.50 2.20 -4.20 percent of GDP [+]
Government Budget Value -10974.00 -33613.00 14307.00 -36988.00 AUD Million [+]
Government Spending 103794.00 102346.00 103794.00 9725.00 AUD Million [+]
Government Revenues 41827.00 33349.00 53576.00 510.00 AUD Million [+]
Fiscal Expenditure 52801.00 66962.00 79545.00 790.00 AUD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 26836.00 27691.00 27741.00 2974.00 USD Million [+]
Government Debt 602042.00 580843.00 602042.00 -50019.00 AUD Million [+]


Australia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.