Government Debt in Australia increased to 602042 AUD Million in October from 580843 AUD Million in September of 2020. source: Australian Government Department of Finance

Government Debt in Australia averaged 197089.19 AUD Million from 2007 until 2020, reaching an all time high of 602042 AUD Million in October of 2020 and a record low of -50019 AUD Million in May of 2008. This page provides - Australia Government Net Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Net Debt - values, historical data and charts - was last updated on December of 2020.

Government Debt in Australia is expected to be 608000.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Debt in Australia to stand at 629000.00 in 12 months time. In the long-term, the Australia Government Net Debt is projected to trend around 635000.00 AUD Million in 2021 and 615000.00 AUD Million in 2022, according to our econometric models.

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Australia Government Net Debt

Actual Previous Highest Lowest Dates Unit Frequency
602042.00 580843.00 602042.00 -50019.00 2007 - 2020 AUD Million Monthly
NSA

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 [+]