Australia recorded a Government Budget deficit equal to 1.40 percent of the country's Gross Domestic Product in 2021/22 fiscal year. source: Australian Government
Government Budget in Australia averaged -1.02 percent of GDP from 1971 until 2022, reaching an all time high of 2.20 percent of GDP in 1971 and a record low of -6.60 percent of GDP in 2021. This page provides - Australia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Budget - values, historical data and charts - was last updated on August of 2023.
Government Budget in Australia is expected to reach 0.20 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Budget is projected to trend around -0.60 percent of GDP in 2024 and -1.30 percent of GDP in 2025, according to our econometric models.