Government Spending in Australia increased to 93553 AUD Million in the third quarter of 2019 from 92736 AUD Million in the second quarter of 2019. Government Spending in Australia averaged 40551.68 AUD Million from 1959 until 2019, reaching an all time high of 93553 AUD Million in the third quarter of 2019 and a record low of 9505 AUD Million in the second quarter of 1960. source: Australian Bureau of Statistics

Government Spending in Australia is expected to be 91345.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Australia to stand at 95611.00 in 12 months time. In the long-term, the Australia Government Spending is projected to trend around 100451.00 AUD Million in 2020, according to our econometric models.

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Australia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
93553.00 92736.00 93553.00 9505.00 1959 - 2019 AUD Million Quarterly
Constant Prices 2016-2017, SA

Australia Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.

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 4749.00 1676.00 14307.00 -23705.00 AUD Million [+]
Government Spending 93553.00 92736.00 93553.00 9505.00 AUD Million [+]
Government Revenues 44122.00 44330.00 53576.00 510.00 AUD Million [+]
Fiscal Expenditure 39373.00 42654.00 47824.00 790.00 AUD Million [+]
Military Expenditure 26836.00 27691.00 27741.00 2974.00 USD Million [+]
Credit Rating 100.00 [+]
Government Debt 401749.00 399059.00 401749.00 -50019.00 AUD Million [+]
Asylum Applications 1724.00 1731.00 5937.00 222.00 Persons [+]