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Australia Government Budget: Revenues and Spending

Australia Government Budget Data

Indicator Data Period
Government Budget Value 5216 AUD Million | 3.348 B USD Aug/23
Government Spending 126613 AUD Million | 81.266 B USD 2Q/23
Government Revenues 57042 AUD Million | 36.612 B USD Aug/23
Government Budget to GDP -1.4 % 2022


Latest data on Government Budget Value (AUD Million)

Government Budget Value
                     Australia - Historical Data (AUD Million)

How much is Australia Government Budget?

  • The deficit of government budget in Australia increased to 5216 AUD Million (3.348 B USD) in August 2023. The maximum surplus was 14307 AUD Million and deficit was -36988 AUD Million.
  • Data published Monthly by Reserve Bank.

Historical Data (AUD Million) by years

Data
Period
Date
5216 Aug/23 07.10.2023
23999 May/23 14.07.2023
11369 Apr/23 27.05.2023
3741 Mar/23 29.04.2023
13895 Feb/23 01.04.2023
-12418 Jan/23 25.02.2023
12029 Dec/22 27.01.2023
11805 Nov/22 24.12.2022


Historical Chart by prime ministers (AUD Million)

Government Budget Value in Australia by prime ministers

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Malcolm Turnbull 15.09.2015 - 24.08.2018 6165.0000 8787.0000 9392.0000 -9979.0000 42.53%


Latest data on Government Spending (AUD Million)

Government Spending
                     Australia - Historical Data (AUD Million)

What is current Australia Government Spending?

  • Government Spending in Australia increased to 126613 AUD Million (81.266 B USD) in the second quarter of 2023. The maximum volume was 104697 AUD Million and minimum was 9725 AUD Million
  • Data published Quarterly by Bureau of Statistics.

Historical Data (AUD Million) by years

Data
Period
Date
126613 2Q/23 07.09.2023
126026 1Q/23 10.06.2023
125933 4Q/22 01.03.2023
125332 3Q/22 10.12.2022
118002 2Q/22 10.09.2022
118314 1Q/22 04.06.2022
114956 4Q/21 05.03.2022
114778 3Q/21 18.01.2022


Historical Chart by prime ministers (AUD Million)

Government Spending in Australia by prime ministers

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Malcolm Turnbull 15.09.2015 - 24.08.2018 78644.0000 84615.0000 84615.0000 78644.0000 7.59%


Latest data on Government Revenues (AUD Million)

Government Revenues
                     Australia - Historical Data (AUD Million)

How much is Australia Government Revenue?

  • Government Revenues in Australia increased to 57042 AUD Million (36.612 B USD) in August 2023. The maximum volume was 55260 AUD Million and minimum was 510 AUD Million
  • Data published Monthly by Reserve Bank.

Historical Data (AUD Million) by years

Data
Period
Date
57042 Aug/23 07.10.2023
77415 May/23 14.07.2023
60511 Apr/23 27.05.2023
55011 Mar/23 29.04.2023
61247 Feb/23 01.04.2023
44404 Jan/23 25.02.2023
51093 Dec/22 27.01.2023
62436 Nov/22 24.12.2022


Historical Chart by prime ministers (AUD Million)

Government Revenues in Australia by prime ministers

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Malcolm Turnbull 15.09.2015 - 24.08.2018 44274.0000 44274.0000 44274.0000 44274.0000 0.00%


Latest data on Government Budget to GDP (%)

Government Budget to GDP
                     Australia - Historical Data (%)

What is the deficit of Australia Government Budget?

  • The deficit of Current Account to GDP in Australia increased to 1.4 % in 2022. The maximum surplus was 2.2 % and deficit was -4.3 %.
  • Data published Yearly by Government, Adb.

Historical Data (%) by years

Data
Period
Date
-1.4 2022 16.01.2023
-7.8 2021 31.03.2022
-4.3 2020 17.02.2021
-0.2 2019 17.04.2020
-0.6 2018 04.07.2019


Historical Chart by prime ministers (%)

Government Budget to GDP in Australia by prime ministers

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other budget indicators in Australia

Index Updated Actual Previous
Government Debt to GDP 2018 40.7 % 41.9
Fiscal Expenditure  Aug/23 33.264 B USD 37.732
Military Expenditure 2022 32.299 B USD 32.718

Government Budget to GDP in other countries

Country Updated Actual Previous
Australia 2022 -1.4 % -6.6
New Zealand 2022 -2.7 % -1.3
Papua New Guinea 2022 -5.6 % -8.5
Fiji 2022 -12.2 % -11.4