Government Spending in Australia increased to 94271 AUD Million in the fourth quarter of 2019 from 93611 AUD Million in the third quarter of 2019.

Government Spending in Australia averaged 40773.60 AUD Million from 1959 until 2019, reaching an all time high of 94271 AUD Million in the fourth quarter of 2019 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 May of 2020. source: Australian Bureau of Statistics

Government Spending in Australia is expected to be 88449.00 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 95308.00 in 12 months time. In the long-term, the Australia Government Spending is projected to trend around 90901.00 AUD Million in 2021 and 93173.00 AUD Million in 2022, according to our econometric models.

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Australia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
94271.00 93611.00 94271.00 9505.00 1959 - 2019 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 -9814.00 9274.00 14307.00 -23705.00 AUD Million [+]
Government Spending 94271.00 93611.00 94271.00 9505.00 AUD Million [+]
Government Revenues 37753.00 47888.00 53576.00 510.00 AUD Million [+]
Fiscal Expenditure 47567.00 38613.00 47824.00 790.00 AUD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 26836.00 27691.00 27741.00 2974.00 USD Million [+]
Government Debt 424164.00 430211.00 430211.00 -50019.00 AUD Million [+]
Asylum Applications 1724.00 1731.00 5937.00 222.00 Persons [+]

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.