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Australia Government Budget

Discussion in 'Market News' started by Sam, Jan 5, 2016.

  1. Sam

    Sam Forum Member

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    Australia recorded a Government Budget deficit equal to 3.10 percent of the country's Gross Domestic Product in 2014. Government Budget in Australia averaged -0.89 percent of GDP from 1979 until 2014, reaching an all time high of 2 percent of GDP in 2000 and a record low of -4.20 percent of GDP in 2010. Government Budget in Australia is reported by the Australian Government, ADB. 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.

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