Government Spending in Australia decreased to 104151 AUD Million in the first quarter of 2021 from 104697 AUD Million in the fourth quarter of 2020. source: Australian Bureau of Statistics

Government Spending in Australia averaged 42967.74 AUD Million from 1959 until 2021, reaching an all time high of 104697 AUD Million in the fourth quarter of 2020 and a record low of 9725 AUD Million in the second quarter of 1960. This page provides - Australia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Spending - values, historical data and charts - was last updated on July of 2021.

Government Spending in Australia is expected to be 111613.00 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 108109.00 in 12 months time. In the long-term, the Australia Government Spending is projected to trend around 112798.00 AUD Million in 2022 and 116182.00 AUD Million in 2023, according to our econometric models.

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Australia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
104151.00 104697.00 104697.00 9725.00 1959 - 2021 AUD Million Quarterly
Constant Prices 2018-19, SA

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 6809.00 6957.00 14307.00 -36988.00 AUD Million [+]
Government Spending 104151.00 104697.00 104697.00 9725.00 AUD Million [+]
Government Revenues 55260.00 49578.00 55260.00 510.00 AUD Million [+]
Fiscal Expenditure 48451.00 42621.00 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 583023.00 591679.00 619465.00 -50019.00 AUD Million [+]


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.