Government Spending in Australia increased to 104618 AUD Million in the fourth quarter of 2020 from 103792 AUD Million in the third quarter of 2020. source: Australian Bureau of Statistics

Government Spending in Australia averaged 42719.35 AUD Million from 1959 until 2020, reaching an all time high of 104618 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 May of 2021.

Government Spending in Australia is expected to be 111062.00 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 107757.00 in 12 months time. In the long-term, the Australia Government Spending is projected to trend around 112282.00 AUD Million in 2022 and 115651.00 AUD Million in 2023, according to our econometric models.

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Australia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
104618.00 103792.00 104618.00 9725.00 1959 - 2020 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 [+]
Government Budget -4.30 0.00 2.20 -4.30 percent of GDP [+]
Government Budget Value -1126.00 1746.00 14307.00 -36988.00 AUD Million [+]
Government Spending 104618.00 103792.00 104618.00 9725.00 AUD Million [+]
Government Revenues 47682.00 45430.00 53576.00 510.00 AUD Million [+]
Fiscal Expenditure 48808.00 43684.00 79545.00 790.00 AUD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 27395.00 26840.00 27546.00 2953.00 USD Million [+]
Government Debt 583254.00 619465.00 619465.00 -50019.00 AUD Million [+]
Government Spending To GDP 27.70 24.50 27.70 18.30 percent [+]

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.