Australia recorded a government budget surplus of 6957 AUD Million in April of 2021. source: Reserve Bank of Australia

Government Budget Value in Australia averaged -934.16 AUD Million from 1973 until 2021, 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 June of 2021.

Government Budget Value in Australia is expected to be -13600.00 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 -6000.00 in 12 months time. In the long-term, the Australia Government Budget Value is projected to trend around -9000.00 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
6957.00 -1126.00 14307.00 -36988.00 1973 - 2021 AUD Million Monthly
Current Prices, NSA

Australia Government Last Previous Highest Lowest Unit
Government Debt to GDP 24.80 19.20 24.80 -3.40 percent of GDP [+]
Government Budget -4.30 0.00 2.20 -4.30 percent of GDP [+]
Government Budget Value 6957.00 -1126.00 14307.00 -36988.00 AUD Million [+]
Government Spending 104151.00 104697.00 104697.00 9725.00 AUD Million [+]
Government Revenues 49578.00 47682.00 53576.00 510.00 AUD Million [+]
Fiscal Expenditure 42621.00 48808.00 79545.00 790.00 AUD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 27618.00 26079.00 27618.00 2793.00 USD Million [+]
Government Spending To GDP 27.70 24.50 27.70 18.30 percent of GDP [+]
Government Debt 587495.00 583254.00 619465.00 -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.