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 June 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.