Australia recorded a government budget deficit of 7904 AUD Million in December of 2020. source: Reserve Bank of Australia

Government Budget Value in Australia averaged -926.01 AUD Million from 1973 until 2020, reaching an all time high of 14307 AUD Million in April of 2007 and a record low of -36988 AUD Million in July of 2020. This page provides - Australia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Budget Value - values, historical data and charts - was last updated on February of 2021.

Government Budget Value in Australia is expected to be -12500.00 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 -228.57 in 12 months time. In the long-term, the Australia Government Budget Value is projected to trend around -6000.00 AUD Million in 2022 and -7878.00 AUD Million in 2023, according to our econometric models.

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Australia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-7904.00 -4105.00 14307.00 -36988.00 1973 - 2020 AUD Million Monthly
Current Prices, NSA

Australia Government Last Previous Highest Lowest Unit
Government Debt to GDP 45.10 41.50 45.10 9.70 percent [+]
Government Budget -4.30 -0.20 2.20 -4.30 percent of GDP [+]
Government Budget Value -7904.00 -4105.00 14307.00 -36988.00 AUD Million [+]
Government Spending 103794.00 102346.00 103794.00 9725.00 AUD Million [+]
Government Revenues 44160.00 45399.00 53576.00 510.00 AUD Million [+]
Fiscal Expenditure 52064.00 49504.00 79545.00 790.00 AUD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 26836.00 27691.00 27741.00 2974.00 USD Million [+]
Government Debt 611100.00 604900.00 611100.00 -50019.00 AUD Million [+]


Australia Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.