13 May Australia Government Budget
Australia recorded a Government Budget deficit equal to 0.60 percent of the country’s Gross Domestic Product in 2018. Government Budget in Australia averaged -0.78 percent of GDP from 1971 until 2018, reaching an all time high of 2.20 percent of GDP in 1971 and a record low of -4.20 percent of GDP in 2010. 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. This page provides – Australia Government Budget – actual values, historical data, forecast, chart, statistics, economic calendar and news.
Source: Trading Economics – Australia