Name: Australia Government Spending
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Australia,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Government Spending in Australia increased to 118314 AUD Million in the first quarter of 2022 from 114956 AUD Million in the fourth quarter of 2021. source: Australian Bureau of Statistics

Government Spending in Australia averaged 45317.25 AUD Million from 1959 until 2022, reaching an all time high of 118314 AUD Million in the first quarter of 2022 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 June of 2022.

Government Spending in Australia is expected to be 115255.00 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 122902.00 AUD Million in 2023 and 126958.00 AUD Million in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Spending	118314.00	114956.00	AUD Million	Mar 2022

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.