Government Spending in Australia increased to 96125 AUD Million in the first quarter of 2020 from 94471 AUD Million in the fourth quarter of 2019.

Government Spending in Australia averaged 41002.79 AUD Million from 1959 until 2020, reaching an all time high of 96125 AUD Million in the first quarter of 2020 and a record low of 9505 AUD Million in the second quarter of 1960. This page provides - Australia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Spending - values, historical data and charts - was last updated on August of 2020. source: Australian Bureau of Statistics

Government Spending in Australia is expected to be 90821.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Australia to stand at 97375.00 in 12 months time. In the long-term, the Australia Government Spending is projected to trend around 91094.00 AUD Million in 2021 and 93371.00 AUD Million in 2022, according to our econometric models.

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Australia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
96125.00 94471.00 96125.00 9505.00 1959 - 2020 AUD Million Quarterly
Constant Prices 2016-2017, SA

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 -35675.00 -8420.00 14307.00 -35675.00 AUD Million [+]
Government Spending 96125.00 94471.00 96125.00 9505.00 AUD Million [+]
Government Revenues 43870.00 44231.00 53576.00 510.00 AUD Million [+]
Fiscal Expenditure 79545.00 52651.00 79545.00 790.00 AUD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 26836.00 27691.00 27741.00 2974.00 USD Million [+]
Government Debt 463654.00 441251.00 463654.00 -50019.00 AUD Million [+]

Australia Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.