Government Spending in Australia increased to 114778 AUD Million in the third quarter of 2021 from 110822 AUD Million in the second quarter of 2021. source: Australian Bureau of Statistics

Government Spending in Australia averaged 44744.42 AUD Million from 1959 until 2021, reaching an all time high of 114778 AUD Million in the third quarter of 2021 and a record low of 9907 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 December of 2021.

Government Spending in Australia is expected to be 109713.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Spending is projected to trend around 113005.00 AUD Million in 2022 and 116395.00 AUD Million in 2023, according to our econometric models.

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Australia Government Spending

Related Last Previous Unit Reference
Government Spending 114778.00 110822.00 AUD Million Sep/21
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.