Australia recorded a Government Budget surplus equal to 0.60 percent of the country's Gross Domestic Product in 2024. This dataset provides - Australia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the budget balance in relation to the gross domestic product (GDP) in Australia amounted to about -2.16 percent. Between 1988 and 2024, the figure dropped by approximately 2.64 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the budget balance will rise by around 0.18 percentage points, showing an overall upward trend with periodic ups and downs.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

Australia Government Budget: Surplus or Deficit data was reported at -199.000 AUD mn in Mar 2025. This records a decrease from the previous number of 14,153.000 AUD mn for Feb 2025. Australia Government Budget: Surplus or Deficit data is updated monthly, averaging -496.100 AUD mn from Jul 1973 (Median) to Mar 2025, with 591 observations. The data reached an all-time high of 26,767.000 AUD mn in May 2023 and a record low of -33,374.000 AUD mn in Jul 2020. Australia Government Budget: Surplus or Deficit data remains active status in CEIC and is reported by Department of Finance. The data is categorized under Global Database’s Australia – Table AU.F007: General Government: Cashflow Statement.

Australia recorded a government budget surplus of 17196 AUD Million in May of 2025. This dataset provides - Australia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Australia Consolidated Fiscal Balance: % of GDP

• Australia Consolidated Fiscal Balance recorded a deficit equal to 2.3 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 2.1 % in the previous quarter
• Australia Consolidated Fiscal Balance to GDP data is updated quarterly, available from Jun 2003 to Dec 2024, with an average ratio of -2.2 %
• The data reached an all-time high of 2.2 % in Mar 2004 and a record low of -13.9 % in Mar 2021

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from quarterly Consolidated Fiscal Balance and quarterly Nominal GDP. The Australian Bureau of Statistics provides Consolidated Fiscal Balance in local currency and Nominal GDP in local currency. Consolidated Fiscal Balance prior to June 2018 is based on SNA 2008 GFMS 2001. Consolidated Fiscal Balance prior to June 2009 is based on SNA 1993.


Further information about Australia Consolidated Fiscal Balance: % of GDP

• In the latest reports, Australia National Government Debt reached 650.9 USD bn in Jun 2023
• Australia Nominal GDP reached 440.1 USD bn in Mar 2023

This dataset provides values for GOVERNMENT BUDGET reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Key information about Australia National Government Debt

• Australia National Government Debt reached 650.9 USD bn in Jun 2023, compared with 673.5 USD bn in the previous year.
• Australia National Government Debt data is updated yearly, available from Jun 1999 to Jun 2023.
• The data reached an all-time high of 744.0 USD bn in Jun 2021 and a record low of 65.2 USD bn in Jun 2001.

CEIC calculates annual Government Debt as the sum of Currency & Deposits, Advances and Debt Securities and converts it into USD. The Australian Bureau of Statistics provides Government Debt in local currency based on SNA 2008. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt prior to 2009 is based on SNA 2008 GFMS 2001. Government Debt prior to 2000 is based on SNA 1993. Government Debt is in annual frequency, ending in June of each year.


Related information about Australia National Government Debt

• In the latest reports, Australia Consolidated Fiscal Balance recorded a deficit equal to 1.1 % of its Nominal GDP in Dec 2023.
• The country's Government debt accounted for 38.1 % of its Nominal GDP in Jun 2023.
• Australia Nominal GDP reached 440.1 USD bn in Mar 2023.

Australia recorded a Government Debt to GDP of 43.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - Australia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Australian Government general government sector Monthly Financial Statements are officially available from July to May for each month at www.finance.gov.au.

This dataset provides an historical series of a collection of published Australian Government general government sector monthly financial statements from 2005-06, including the:

• Aggregates tables

• Operating Statement

• Balance Sheet

• Cash Flow Statement

• Taxation tables

• Function tables

Monthly Financial Statements are not published for the month of June. These figures can be sourced from the Final Budget Outcome (www.budget.gov.au) or the Consolidated Financial Statements (www.finance.gov.au).

The Historical Monthly Financial Statements series is provided to assist those who wish to analyse, visualise and programmatically access this data.

The Australian Government Monthly Financial Statements are prepared on a basis consistent with the Budget as required under section 47 of the Public Governance, Performance and Accountability Act 2013 (formerly section 54 of the Financial Management and Accountability Act 1997).

Since 2008-09 the statements have been prepared in accordance with Australian Accounting Standard AASB 1049 – Whole of Government and General Government Sector Financial Reporting, which requires accounting treatment based on the Australian Bureau of Statistics’ (ABS) Government Finance Statistics (GFS) except where Australian Accounting Standards (AAS) provide a better conceptual treatment for specific items. Departures are limited to complying with either ABS GFS or AAS. The change in 2008-09 represented a significant change in the format and content of the monthly financial statements.

The Monthly Financial Statements estimates dataset is based solely upon the published monthly profiles. Where no year-to-date profile was published the year-to-date actual figure has been used in its place.

Please note that this dataset represents published information and will not be recast. Figures may not be directly comparable over time due to changes of classification, accounting standards or budget treatments.

This data is released by the Department of Finance.

Australia Central Government: Cash Surplus/Deficit data was reported at 18,147.000 AUD mn in May 2024. This records an increase from the previous number of 2,350.000 AUD mn for Apr 2024. Australia Central Government: Cash Surplus/Deficit data is updated monthly, averaging -2,692.000 AUD mn from Jan 2011 (Median) to May 2024, with 161 observations. The data reached an all-time high of 24,165.000 AUD mn in May 2023 and a record low of -32,788.000 AUD mn in Jul 2020. Australia Central Government: Cash Surplus/Deficit data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Australia – Table AU.IMF.IFS: Government Finance: Cash Flow Statement.

Australia: Fiscal balance, percent of GDP: The latest value from 2023 is 0.4 percent, an increase from -1.4 percent in 2022. In comparison, the world average is -2.83 percent, based on data from 143 countries. Historically, the average for Australia from 1988 to 2023 is -1.6 percent. The minimum value, -6.7 percent, was reached in 2021 while the maximum of 1.78 percent was recorded in 2006.

Australia Government Budget: Fiscal Balance data was reported at -1,733.000 AUD mn in Mar 2025. This records a decrease from the previous number of 10,519.000 AUD mn for Feb 2025. Australia Government Budget: Fiscal Balance data is updated monthly, averaging -2,102.000 AUD mn from Apr 2007 (Median) to Mar 2025, with 189 observations. The data reached an all-time high of 22,187.000 AUD mn in May 2023 and a record low of -37,316.000 AUD mn in May 2020. Australia Government Budget: Fiscal Balance data remains active status in CEIC and is reported by Department of Finance. The data is categorized under Global Database’s Australia – Table AU.F001: General Government: Operating Statement.

The average for 2025 based on 2 countries was -4.24 percent. The highest value was in Australia: -3.19 percent and the lowest value was in New Zealand: -5.28 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

The average for 2022 based on 7 countries was -3.72 percent. The highest value was in Samoa: 5.37 percent and the lowest value was in Kiribati: -13.12 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

Australia Net Incurrence of Liabilities: Total: % of GDP data was reported at 3.471 % in 2022. This records a decrease from the previous number of 6.458 % for 2021. Australia Net Incurrence of Liabilities: Total: % of GDP data is updated yearly, averaging 1.712 % from Dec 1972 (Median) to 2022, with 43 observations. The data reached an all-time high of 8.993 % in 2020 and a record low of -2.198 % in 1989. Australia Net Incurrence of Liabilities: Total: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Government Revenue, Expenditure and Finance. Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Weighted average;

-6.2 (%) in 2021. The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle; see, for example, A. Fedelino. A. Ivanova and M. Horton "Computing Cyclically Adjusted Balances and Automatic Stabilizers" IMF Technical Guidance Note No. 5, http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf.

Government Debt in Australia decreased to 523575 AUD Million in May from 543581 AUD Million in April of 2025. This dataset provides - Australia Government Net Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This dataset contains independent analysis and projections of key budget outcomes such as debt and the budget balance over the forward estimates to 2024-25 and the medium term to 2031-32, and scenario analysis of fiscal sustainability over the longer term to 2060-61, as published in the Parliamentary Budget Office's Beyond the budget 2021-22: Fiscal outlook and scenarios report.

The dataset allows users to:

• better understand the factors that are leading to changes in the budget aggregates over the medium-term to 2031-32
• supplement the budget forecast and projections contained in the 2021-22 Australian Government budget papers
• access historical budget data on a range of budget aggregates
• explore longer-term fiscal sustainability through results for 27 scnearios for the debt-to-GDP ratio.

For more information about the terms used in the dataset, see the Parliamentary Budget Office's online budget glossary.

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Australia License

This dataset contains the data used to construct a graphical summary of the Australian Government Budget 2021-22, as published in the Parliamentary Budget Office's 2021-22 Budget Snapshot.\r \r The dataset allows user to:\r \r - better understand the changes in the budget aggregates between the 2020-21 MYEFO and 2021-22 Budget over the medium-term to 2031-32\r - supplement the charts and figures contained in the 2021-22 Australian Government budget papers\r - access historical budget data on a range of budget aggregates.\r \r For more information about the terms used in the dataset, see the Parliamentary Budget Office's online budget glossary.\r \r This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Australia License

The ratio of national debt to gross domestic product (GDP) of Australia amounted to approximately 49.83 percent in 2024. Between 1989 and 2024, the ratio rose by around 32.81 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is forecast to decline by about 0.81 percentage points from 2024 to 2030, fluctuating as it trends downward.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.