Australia recorded a Government Budget deficit equal to 0.20 percent of the country's Gross Domestic Product in 2019.
Government Budget in Australia averaged -0.77 percent of GDP from 1971 until 2019, 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. Australia Government Budget - values, historical data and charts - was last updated on June of 2020. source: Australian Government, ADB
Government Budget in Australia is expected to reach -4.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Budget is projected to trend around -3.50 percent of GDP in 2021 and -2.20 percent of GDP in 2022, according to our econometric models.