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 -12,453.000 AUD mn in Oct 2025. This records a decrease from the previous number of -10,282.000 AUD mn for Sep 2025. Australia Government Budget: Surplus or Deficit data is updated monthly, averaging -113.000 AUD mn from Jul 1973 (Median) to Oct 2025, with 597 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.F: General Government: Cashflow Statement.

Australia recorded a government budget deficit of 4933 AUD Million in October 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 2.8 % of its Nominal GDP in Jun 2025, compared with a deficit equal to 2.5 % in the previous quarter
• Australia Consolidated Fiscal Balance to GDP data is updated quarterly, available from Jun 2003 to Jun 2025, with an average ratio of -2.6 %
• 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 686.0 USD bn in Jun 2024
• Australia Nominal GDP reached 451.4 USD bn in Jun 2025

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 686.0 USD bn in Jun 2024, compared with 650.9 USD bn in the previous year.
• Australia National Government Debt data is updated yearly, available from Jun 1999 to Jun 2024.
• 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.

*This indicator will be no longer available from March 2026, 4th onwards. CEIC has a plan to remove the non-standard frequency indicator after the standard frequency indicator has been added and be available on this table. 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 2.8 % of its Nominal GDP in Jun 2025.
• The country's Government debt accounted for 38.4 % of its Nominal GDP in Jun 2024.
• Australia Nominal GDP reached 451.4 USD bn in Jun 2025.

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.

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.

Australia Government Budget: Underlying Cash: Balance data was reported at -11,387.000 AUD mn in Oct 2025. This records a decrease from the previous number of -9,899.000 AUD mn for Sep 2025. Australia Government Budget: Underlying Cash: Balance data is updated monthly, averaging -2,199.000 AUD mn from May 1997 (Median) to Oct 2025, with 311 observations. The data reached an all-time high of 23,999.000 AUD mn in May 2023 and a record low of -32,977.000 AUD mn in Jul 2020. Australia Government Budget: Underlying Cash: 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.F: General Government: Cashflow Statement.

Key information about Australia Government Debt: % of GDP

• Australia Government debt accounted for 38.4 % of the country's Nominal GDP in Jun 2024, compared with the ratio of 38.1 % in the previous year.
• Australia government debt to GDP ratio data is updated yearly, available from Jun 1999 to Jun 2024.
• The data reached an all-time high of 582,357.7 % in Oct 2025 and a record low of 43,390.8 % in Jul 1997.

*This indicator will be no longer available from March 2026, 4th onwards. CEIC has a plan to remove the non-standard frequency indicator after the standard frequency indicator has been added and be available on this table. CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and quarterly Nominal GDP. Government Debt is calculated as the sum of General Government Currency & Deposits, Advances and Debt Securities. The Australian Bureau of Statistics provides Government Debt in local currency based on SNA 2008 and Nominal GDP in local currency. Government Debt prior to 2009 is based on SNA 2008 GFMS 2001. Government Debt prior to 2000 is based on SNA 1993. Government Debt as % of Nominal GDP is in annual frequency, ending in June of each year.


Related information about Australia Government Debt: % of GDP

• In the latest reports, Australia National Government Debt reached 686.0 USD bn in Jun 2024.
• The country's Nominal GDP reached 451.4 USD bn in Jun 2025.

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.

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

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

This dataset contains detailed analysis and projections of Australian government receipts and payments over the forward estimates to 2023-24 and the medium-term to 2030-31, as published in the Parliamentary Budget Office's 2020-21 Medium-term fiscal projections report. \r \r The dataset allows users to:\r \r - better understand the factors that are leading to changes in the budget aggregates over the medium-term to 2030-31\r - supplement the budget forecast and projections contained in the 2020-21 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

This dataset contains detailed analysis and projections of Australian government receipts and payments over the forward estimates to 2022-23 and the medium-term to 2029-30, as published in the Parliamentary Budget Office's 2019-20 Medium-term fiscal projections report. \r \r The dataset allows users to:\r \r - better understand the factors that are leading to changes in the budget aggregates over the medium-term to 2029-30\r - supplement the budget forecast and projections contained in the 2019-20 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

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;

Australia general government structural balance (% of potential GDP) was at level of -6.2 % in 2021, down from -7.9 % previous year. 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.

Key information about Australia Consolidated Fiscal Balance

• Australia Consolidated Fiscal Balance recorded a deficit equal to 11.180 USD bn in Jun 2025, compared with a deficit equal to 7.977 USD bn in the previous quarter.
• Australia Consolidated Fiscal Balance data is updated quarterly, available from Sep 2002 to Jun 2025, with an average ratio of -8.463 USD bn.
• The data reached an all-time high of 7.811 USD bn in Jun 2007 and a record low of -71.343 USD bn in Sep 2020.

CEIC converts quarterly Consolidated Fiscal Balance into USD. The Australian Bureau of Statistics provides Consolidated Fiscal Balance in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Consolidated Fiscal Balance Q3 2017 is based on SNA 2008 GFMS 2001. Consolidated Fiscal Balance prior to Q3 2008 is based on SNA 1993.

This dataset contains detailed analysis and projections of Australian government receipts and payments over the forward estimates to 2022-23 and the medium-term to 2028-29, as published in the Parliamentary Budget Office's 2018-19 Budget: medium-term projections report. \r \r The dataset allows users to:\r \r - better understand the factors that are leading to changes in the budget aggregates over the medium-term to 2028-29\r - supplement the budget forecast and projections contained in the 2018-19 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