Australia recorded a Government Budget surplus equal to 0.60 percent of the country's Gross Domestic Product in 2024. Government Budget in Australia averaged -0.89 percent of GDP from 1971 until 2024, reaching an all time high of 2.20 percent of GDP in 1971 and a record low of -6.40 percent of GDP in 2021. source: Australian Government

Government Budget in Australia is expected to reach -1.00 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Budget is projected to trend around -1.20 percent of GDP in 2026 and -1.30 percent of GDP in 2027, according to our econometric models.



Related Last Previous Unit Reference
Credit Rating 100.00 Feb 2026
Fiscal Expenditure 72969.00 72208.00 AUD Million Dec 2025
Government Budget 0.60 0.90 percent of GDP Dec 2024
Government Budget Value -7752.00 1969.00 AUD Million Dec 2025
Government Debt 556446.00 551853.00 AUD Million Dec 2025
Government Debt to GDP 43.80 42.80 percent of GDP Dec 2024
Government Revenues 65217.00 74177.00 AUD Million Dec 2025
Government Spending 158014.00 156773.00 AUD Million Sep 2025
Government Spending to GDP 26.50 24.80 percent of GDP Dec 2024
Holidays
Military Expenditure 33819.60 32388.00 USD Million Dec 2024


Australia Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a 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
0.60 0.90 2.20 -6.40 1971 - 2024 percent of GDP Yearly