Australia is projected to record a Government Budget deficit equal to 7.80 percent of the country's Gross Domestic Product in 2021/22 fiscal year. source: Australian Government

Government Budget in Australia averaged -0.97 percent of GDP from 1971 until 2021, reaching an all time high of 2.20 percent of GDP in 1971 and a record low of -7.80 percent of GDP in 2021. This page provides - Australia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Budget - values, historical data and charts - was last updated on August of 2022.

Government Budget in Australia is expected to reach -5.00 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Budget is projected to trend around -4.50 percent of GDP in 2023 and -3.50 percent of GDP in 2024, according to our econometric models.

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Australia Government Budget



Related Last Previous Unit Reference
Government Budget -7.80 -4.30 percent of GDP Dec 2021
Government Spending To GDP 27.70 24.50 percent of GDP Dec 2020

Australia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-7.80 -4.30 2.20 -7.80 1971 - 2021 percent of GDP Yearly