Australia’s government headline deficit, which also includes “off budget spending”, is estimated at 1.6% of GDP in the 2025-26 fiscal year, according to the 2026-27 Budget data. Government Budget in Australia averaged -1.16 percent of GDP from 1970 until 2025, reaching an all time high of 3.40 percent of GDP in 1999 and a record low of -6.60 percent of GDP in 2020. source: Australian Government
Australia recorded a Government Budget deficit equal to 1.60 percent of the country's Gross Domestic Product in 2025.
Australia recorded a Government Budget deficit equal to 1.60 percent of the country's Gross Domestic Product in 2025. Government Budget in Australia is expected to reach -2.10 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Budget is projected to trend around -1.70 percent of GDP in 2027 and -1.60 percent of GDP in 2028, according to our econometric models.