Australia recorded a government budget surplus of 13326 AUD Million in May of 2019. Government Budget Value in Australia averaged -561.25 AUD Million from 1973 until 2019, 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 -3287.42 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.

Australia Government Budget Value
Forecast Data Chart
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Australia Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.70 40.70 40.70 9.70 percent [+]
Government Budget -0.60 -1.90 2.20 -4.20 percent of GDP [+]
Government Budget Value 13326.00 7020.00 14307.00 -23705.00 AUD Million [+]
Government Spending 90142.00 89394.00 90142.00 9362.00 AUD Million [+]
Government Revenues 53576.00 46453.00 53576.00 510.00 AUD Million [+]
Fiscal Expenditure 40251.00 39433.00 45954.00 790.00 AUD Million [+]
Military Expenditure 26836.00 27691.00 27741.00 2974.00 USD Million [+]
Credit Rating 97.44 [+]
Asylum Applications 1724.00 1731.00 5937.00 222.00 Persons [+]

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. This page provides - Australia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Budget Value - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
13326.00 7020.00 14307.00 -23705.00 1973 - 2019 AUD Million Monthly
Current Prices, NSA

Country Last Previous
Argentina -6598.20 Jun/19
Australia 13326.00 May/19
Brazil -30102.00 Jun/19
Canada 707.00 May/19
China -210.00 Jun/19
France -77.30 Jun/19
Germany 7.47 Mar/19
India -4320.55 Jun/19
Indonesia -259900.00 Dec/18
Italy 7.80 Jun/19
Japan 72556.00 Mar/19
Mexico -152272.70 Jun/19
Netherlands 17.00 Mar/19
Russia 2027.84 Jul/19
Saudi Arabia -135704.00 Dec/18
Singapore 3012.50 Jun/19
South Africa 37586.00 Jun/19
South Korea -38492.00 Jun/19
Spain -10514.00 Jun/19
Switzerland 2176.00 Dec/19
Turkey -11454947.00 Jun/19
United Kingdom 2652.00 Jul/19
United States -119696.00 Jul/19