Government Spending in Australia increased to 137847 AUD Million in the second quarter of 2024 from 135935 AUD Million in the first quarter of 2024. Government Spending in Australia averaged 52352.14 AUD Million from 1959 until 2024, reaching an all time high of 137847.00 AUD Million in the second quarter of 2024 and a record low of 10639.00 AUD Million in the second quarter of 1960. source: Australian Bureau of Statistics

Government Spending in Australia is expected to be 136461.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Spending is projected to trend around 139600.00 AUD Million in 2025 and 142671.00 AUD Million in 2026, according to our econometric models.




Related Last Previous Unit Reference
Credit Rating 100.00 Nov 2024
Fiscal Expenditure 54777.00 56469.00 AUD Million Sep 2024
Government Budget 0.90 -1.40 percent of GDP Dec 2023
Government Budget Value -8782.00 6155.00 AUD Million Sep 2024
Government Debt 534147.00 521867.00 AUD Million Sep 2024
Government Debt to GDP 43.80 42.80 percent of GDP Dec 2024
Government Revenues 45994.00 62624.00 AUD Million Sep 2024
Government Spending 137847.00 135935.00 AUD Million Jun 2024
Government Spending to GDP 26.80 31.60 percent of GDP Dec 2022
Holidays
Military Expenditure 32340.00 32445.30 USD Million Dec 2023

Australia Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.
Actual Previous Highest Lowest Dates Unit Frequency
137847.00 135935.00 137847.00 10639.00 1959 - 2024 AUD Million Quarterly
Constant Prices 2021-22, SA