Australia recorded a government budget deficit of 35675 AUD Million in May of 2020.
Government Budget Value in Australia averaged -680.96 AUD Million from 1973 until 2020, reaching an all time high of 14307 AUD Million in April of 2007 and a record low of -35675 AUD Million in May of 2020. This page provides - Australia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Budget Value - values, historical data and charts - was last updated on August of 2020. source: Reserve Bank of Australia
Government Budget Value in Australia is expected to be -17500.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Australia to stand at -11000.00 in 12 months time. In the long-term, the Australia Government Budget Value is projected to trend around -295.00 AUD Million in 2021 and -229.00 AUD Million in 2022, according to our econometric models.