Australia recorded a government budget deficit of 292 AUD Million in December of 2018. Government Budget Value in Australia averaged -605.80 AUD Million from 1973 until 2018, reaching an all time high of 14307 AUD Million in April of 2007 and a record low of -23705 AUD Million in June of 2012.
Government Budget Value in Australia is expected to be -4507.02 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Australia to stand at -782.21 in 12 months time. In the long-term, the Australia Government Budget Value is projected to trend around -228.57 AUD Million in 2020, according to our econometric models.