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.