Australia recorded a government budget deficit of 13456 AUD Million in January of 2026. Government Budget Value in Australia averaged -816.67 AUD Million from 1973 until 2026, reaching an all time high of 23999.34 AUD Million in May of 2023 and a record low of -36988.00 AUD Million in July of 2020. source: Reserve Bank of Australia

Related	Last	Previous	Unit	Reference
Credit Rating	100.00			Mar 2026
Fiscal Expenditure	67515.00	72969.00	AUD Million	Jan 2026
Government Budget	0.60	0.90	percent of GDP	Dec 2024
Government Budget Value	-13456.00	-7752.00	AUD Million	Jan 2026
Government Debt	573378.00	556446.00	AUD Million	Jan 2026
Government Debt to GDP	43.80	42.80	percent of GDP	Dec 2024
Government Revenues	54059.00	65217.00	AUD Million	Jan 2026
Government Spending	159576.00	158122.00	AUD Million	Dec 2025
Government Spending to GDP	26.50	24.80	percent of GDP	Dec 2024
Holidays
Military Expenditure	33819.60	32388.00	USD Million	Dec 2024

Australia Government Budget Value

The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.