Australia’s government net debt to GDP is estimated at 18.8% of GDP in the 2025-26 fiscal year, according to the 2026-27 Budget data. Government Debt to GDP in Australia averaged 8.86 percent of GDP from 1970 until 2025, reaching an all time high of 28.30 percent of GDP in 2020 and a record low of -3.40 percent of GDP in 2007. source: Australian Office of Financial Management (AOFM)

Government Debt to GDP in Australia is expected to reach 19.90 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Net Debt to GDP is projected to trend around 21.00 percent of GDP in 2027 and 21.80 percent of GDP in 2028, according to our econometric models.



Related Last Previous Unit Reference
Credit Rating 100.00 May 2026
Fiscal Expenditure 63072.00 63733.00 AUD Million Apr 2026
Government Budget -1.60 -0.80 percent of GDP Dec 2025
Government Budget Value 10157.00 8302.00 AUD Million Apr 2026
Government Debt 539988.00 551589.00 AUD Million Apr 2026
Government Debt to GDP 18.80 19.20 percent of GDP Dec 2025
Government Revenues 73229.00 72034.00 AUD Million Apr 2026
Government Spending 159576.00 158122.00 AUD Million Dec 2025
Government Spending to GDP 26.60 26.20 percent of GDP Dec 2025
Holidays
Military Expenditure 35326.60 34231.40 USD Million Dec 2025


Australia Government Net Debt to GDP
In Australia, government debt to GDP refers to net government debt, ie the sum of interest bearing liabilities less the sum of selected financial assets (cash and deposits, advances paid and investments, loans and placements). Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
18.80 19.20 28.30 -3.40 1970 - 2025 percent of GDP Yearly