Australia recorded a Government Budget deficit equal to 0.60 percent of the country's Gross Domestic Product in 2018. Government Budget in Australia averaged -0.78 percent of GDP from 1971 until 2018, 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.

Government Budget in Australia is expected to be -0.80 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Budget is projected to trend around -0.30 percent of GDP in 2020, according to our econometric models.

Australia Government Budget
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Australia Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.70 40.70 40.70 9.70 percent [+]
Government Budget -0.60 -1.90 2.20 -4.20 percent of GDP [+]
Government Budget Value -9001.00 13326.00 14307.00 -23705.00 AUD Million [+]
Government Spending 91328.00 88963.00 91328.00 9362.00 AUD Million [+]
Government Revenues 38823.00 53576.00 53576.00 510.00 AUD Million [+]
Fiscal Expenditure 47824.00 40251.00 47824.00 790.00 AUD Million [+]
Credit Rating 97.44 [+]
Military Expenditure 26836.00 27691.00 27741.00 2974.00 USD Million [+]
Asylum Applications 1724.00 1731.00 5937.00 222.00 Persons [+]


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. This page provides - Australia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Budget - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.60 -1.90 2.20 -4.20 1971 - 2018 percent of GDP Yearly




Country Last Previous
Argentina -5.50 Dec/18
Australia -0.60 Dec/18
Brazil -7.10 Dec/18
Canada -0.70 Dec/18
China -4.20 Dec/18
Euro Area -0.50 Dec/18
France -2.50 Dec/18
Germany 1.70 Dec/18
India -3.42 Dec/18
Indonesia -1.76 Dec/18
Italy -2.10 Dec/18
Japan -3.80 Dec/18
Mexico -2.00 Dec/18
Netherlands 1.50 Dec/18
Russia 2.70 Dec/18
Saudi Arabia -9.20 Dec/18
Singapore 0.40 Dec/18
South Africa -4.40 Dec/18
South Korea -1.60 Dec/18
Spain -2.50 Dec/18
Switzerland 1.30 Dec/18
Turkey -2.00 Dec/18
United Kingdom -2.00 Dec/18
United States -3.80 Dec/18


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