Australia recorded a Government Budget deficit equal to 4.30 percent of the country's Gross Domestic Product in the 2019-20 fiscal year. source: Australian Government

Government Budget in Australia averaged -0.83 percent of GDP from 1971 until 2020, reaching an all time high of 2.20 percent of GDP in 1971 and a record low of -4.30 percent of GDP in 2020. 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 October of 2021.

Government Budget in Australia is expected to reach -5.60 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Budget is projected to trend around -4.20 percent of GDP in 2022 and -3.00 percent of GDP in 2023, according to our econometric models.

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Australia Government Budget


Australia Last Unit Reference Previous Highest Lowest
Government Budget -4.30 percent of GDP Dec/20 0.00 2.20 -4.30
Government Spending To GDP 27.70 percent of GDP Dec/20 24.50 27.70 18.30


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.