Australia recorded a Government Budget deficit equal to 0.60 percent of the country's Gross Domestic Product in 2018.

Government Budget in Australia averaged -0.78 percent of GDP from 1971 until 2018, reaching an all time high of 2.20 percent of GDP in 1971 and a record low of -4.20 percent of GDP in 2010. This page provides - Australia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Australian Government, ADB

Government Budget in Australia is expected to be -0.30 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Budget is projected to trend around 0.20 percent of GDP in 2020, according to our econometric models.

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Australia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-0.60 -1.90 2.20 -4.20 1971 - 2018 percent of GDP Yearly

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.

Australia Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.70 40.70 40.70 9.70 percent [+]
Government Budget -0.60 -1.90 2.20 -4.20 percent of GDP [+]
Government Budget Value 4749.00 1676.00 14307.00 -23705.00 AUD Million [+]
Government Spending 93553.00 92736.00 93553.00 9505.00 AUD Million [+]
Government Revenues 44122.00 44330.00 53576.00 510.00 AUD Million [+]
Fiscal Expenditure 39373.00 42654.00 47824.00 790.00 AUD Million [+]
Military Expenditure 26836.00 27691.00 27741.00 2974.00 USD Million [+]
Credit Rating 100.00 [+]
Government Debt 401749.00 399059.00 401749.00 -50019.00 AUD Million [+]
Asylum Applications 1724.00 1731.00 5937.00 222.00 Persons [+]