Australia recorded a government budget surplus of 999 AUD Million in October of 2018. Government Budget Value in Australia averaged -618.76 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 -3163.00 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 -4884.00 in 12 months time. In the long-term, the Australia Government Budget Value is projected to trend around -2379.00 AUD Million in 2020, according to our econometric models.