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 June of 2023.

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Australia Government Budget



Related Last Previous Unit Reference
Government Budget -1.40 -6.60 percent of GDP Dec 2022
Government Spending to GDP 26.80 31.60 percent of GDP Dec 2022

Australia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-1.40 -6.60 2.20 -6.60 1971 - 2022 percent of GDP Yearly