Australia Forecast: Government Expenditure
1988 - 2029 | Yearly | AUD bn | International Monetary Fund
Key information about Australia Forecast: Government Expenditure
- Australia Government Expenditure is forecasted to be 1,035.501 AUD bn in Dec 2024 as reported by International Monetary Fund.
- It records an increase from the last reported number of 973.959 AUD bn in Dec 2023.
- Looking ahead, Australia Government Expenditure is projected to stand at 1,268.078 AUD bn in Dec 2029.
- The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: General Government Total Expenditure.
View Australia's Forecast: Government Expenditure from 1988 to 2029 in the chart:
What is Australia's Forecast: Government Expenditure in 2029?
Australia Government Expenditure is forecasted to be 1,035.501 AUD bn in Dec 2024 as reported by International Monetary Fund. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 1,268.078 2029 | 1,210.638 2028 | 106.055 1988 | 1,268.078 2029 | AUD bn | yearly | 1988 - 2029 |
Forecast: Government Expenditure by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (AFA bn) | 229.209 2023 | yearly | 2002 - 2023 |
| Albania (ALL bn) | 1,027.504 2029 | yearly | 1997 - 2029 |
| Algeria (DZD bn) | 16,911.079 2029 | yearly | 1990 - 2029 |
| Andorra (%) | 36.271 2028 | yearly | 2001 - 2028 |
| Angola (AOA bn) | 30,579.806 2029 | yearly | 1996 - 2029 |
| Antigua and Barbuda (XCD bn) | 1.469 2029 | yearly | 1990 - 2029 |
| Argentina (ARS bn) | 740,993.414 2029 | yearly | 1993 - 2029 |
| Armenia (AMD bn) | 4,374.501 2029 | yearly | 2005 - 2029 |
| Aruba (%) | 21.292 2028 | yearly | 1995 - 2028 |
| Australia (AUD bn) | 1,268.078 2029 | yearly | 1988 - 2029 |
| Austria (EUR bn) | 308.609 2029 | yearly | 1988 - 2029 |
| Azerbaijan (AZN bn) | 46.605 2029 | yearly | 1994 - 2029 |
| Bahamas (BSD bn) | 3.693 2029 | yearly | 1990 - 2029 |
| Bahrain (BHD bn) | 5.683 2029 | yearly | 1990 - 2029 |
| Bangladesh (BDT bn) | 7,011.275 2024 | yearly | 1980 - 2024 |
| Barbados (BBD bn) | 4.732 2030 | yearly | 1995 - 2030 |
| Belarus (BYN bn) | 138.225 2029 | yearly | 2001 - 2029 |
| Belgium (EUR bn) | 400.202 2029 | yearly | 1980 - 2029 |
| Belize (BZD bn) | 1.937 2029 | yearly | 1996 - 2029 |
| Benin (XOF bn) | 3,898.638 2029 | yearly | 1989 - 2029 |
| Bhutan (BTN bn) | 141.129 2029 | yearly | 1981 - 2029 |
| Bolivia (BOB bn) | 154.661 2029 | yearly | 1984 - 2029 |
| Bosnia and Herzegovina (BAM bn) | 28.027 2029 | yearly | 1998 - 2029 |
| Botswana (BWP bn) | 117.247 2030 | yearly | 1981 - 2030 |
| Brazil (BRL bn) | 6,975.892 2029 | yearly | 2001 - 2029 |
| Brunei (BND bn) | 6.627 2029 | yearly | 1980 - 2029 |
| Bulgaria (BGN bn) | 97.888 2029 | yearly | 1998 - 2029 |
| Burkina Faso (XOF bn) | 5,183.536 2029 | yearly | 1985 - 2029 |
| Burundi (BIF bn) | 8,634.540 2029 | yearly | 1990 - 2029 |
| Cambodia (KHR bn) | 49,759.239 2029 | yearly | 1996 - 2029 |
| Cameroon (XAF bn) | 7,713.943 2029 | yearly | 2000 - 2029 |
| Canada (CAD bn) | 1,546.047 2029 | yearly | 1980 - 2029 |
| Cape Verde (CVE bn) | 97.798 2029 | yearly | 1994 - 2029 |
| Central African Republic (XAF bn) | 431.460 2029 | yearly | 1988 - 2029 |
| Chad (XAF bn) | 2,650.660 2029 | yearly | 1995 - 2029 |
| Chile (CLP bn) | 105,724.758 2029 | yearly | 1990 - 2029 |
| China (RMB bn) | 61,759.865 2029 | yearly | 1982 - 2029 |
| Colombia (COP bn) | 719,334.932 2029 | yearly | 1982 - 2029 |
| Comoros (KMF bn) | 162.544 2029 | yearly | 1984 - 2029 |
| Congo (XAF bn) | 2,406.260 2029 | yearly | 1989 - 2029 |
| Costa Rica (CRC bn) | 11,444.353 2029 | yearly | 1990 - 2029 |
| Croatia (EUR bn) | 49.722 2029 | yearly | 1992 - 2029 |
| Cyprus (EUR bn) | 17.597 2029 | yearly | 1995 - 2029 |
| Czech Republic (CZK bn) | 3,989.504 2029 | yearly | 1995 - 2029 |
| Democratic Republic of Congo (CDF bn) | 58,691.414 2029 | yearly | 1996 - 2029 |
| Denmark (DKK bn) | 1,663.394 2029 | yearly | 1980 - 2029 |
| Djibouti (DJF bn) | 212.245 2029 | yearly | 1990 - 2029 |
| Dominica (XCD bn) | 1.034 2029 | yearly | 1990 - 2029 |
| Dominican Republic (DOP bn) | 1,982.578 2029 | yearly | 1997 - 2029 |
| Ecuador (USD bn) | 51.430 2029 | yearly | 1995 - 2029 |
| Egypt (EGP bn) | 7,219.600 2029 | yearly | 1999 - 2029 |
| El Salvador (SVC bn) | 14.164 2029 | yearly | 1990 - 2029 |
| Equatorial Guinea (XAF bn) | 1,878.274 2029 | yearly | 1980 - 2029 |
| Eritrea (ERN bn) | 9.338 2019 | yearly | 1992 - 2019 |
| Estonia (EUR bn) | 21.897 2029 | yearly | 1995 - 2029 |
| Swaziland (SZL bn) | 38.780 2030 | yearly | 1981 - 2030 |
| Ethiopia (ETB bn) | 4,819.139 2029 | yearly | 1980 - 2029 |
| Fiji (FJD bn) | 5.348 2028 | yearly | 1992 - 2028 |
| Finland (EUR bn) | 185.332 2029 | yearly | 1980 - 2029 |
| France (EUR bn) | 1,934.691 2029 | yearly | 1980 - 2029 |
| Gabon (XAF bn) | 3,683.236 2029 | yearly | 1990 - 2029 |
| Gambia (GMD bn) | 56.764 2029 | yearly | 2000 - 2029 |
| Georgia (GEL bn) | 40.909 2029 | yearly | 1995 - 2029 |
| Germany (EUR bn) | 2,430.883 2029 | yearly | 1991 - 2029 |
| Ghana (GHS bn) | 408.854 2029 | yearly | 1980 - 2029 |
| Greece (EUR bn) | 126.705 2029 | yearly | 1980 - 2029 |
| Grenada (XCD bn) | 1.362 2029 | yearly | 1990 - 2029 |
| Guatemala (GTQ bn) | 192.425 2029 | yearly | 1995 - 2029 |
| Guinea (GNF bn) | 74,925.820 2029 | yearly | 1990 - 2029 |
| Guinea-Bissau (GWP bn) | 366.276 2029 | yearly | 1991 - 2029 |
| Guyana (GYD bn) | 1,506.994 2029 | yearly | 1997 - 2029 |
| Haiti (HTG bn) | 545.979 2029 | yearly | 1997 - 2029 |
| Honduras (HNL bn) | 363.532 2029 | yearly | 1990 - 2029 |
| Hong Kong SAR, China (HKD bn) | 865.064 2030 | yearly | 1982 - 2030 |
| Hungary (HUF bn) | 50,519.031 2029 | yearly | 1995 - 2029 |
| Iceland (ISK bn) | 2,558.091 2029 | yearly | 1980 - 2029 |
| India (INR bn) | 151,611.822 2030 | yearly | 1989 - 2030 |
| Indonesia (IDR bn) | 5,468,663.624 2029 | yearly | 1993 - 2029 |
| Iran (IRR bn) | 102,170,609.775 2030 | yearly | 1991 - 2030 |
| Iraq (IQD bn) | 204,643.953 2029 | yearly | 2004 - 2029 |
| Ireland (EUR bn) | 161.203 2029 | yearly | 1980 - 2029 |
| Israel (ILS bn) | 1,053.304 2029 | yearly | 2000 - 2029 |
| Italy (EUR bn) | 1,200.142 2029 | yearly | 1988 - 2029 |
| Ivory Coast (XOF bn) | 17,297.009 2029 | yearly | 1997 - 2029 |
| Jamaica (JMD bn) | 1,331.228 2030 | yearly | 1991 - 2030 |
| Japan (JPY bn) | 285,838.584 2029 | yearly | 1980 - 2029 |
| Jordan (JOD bn) | 14.085 2029 | yearly | 1985 - 2029 |
| Kazakhstan (KZT bn) | 45,053.221 2029 | yearly | 2002 - 2029 |
| Kenya (KES bn) | 6,278.921 2029 | yearly | 1982 - 2029 |
| Kiribati (AUD bn) | 0.615 2029 | yearly | 1990 - 2029 |
| South Korea (KRW bn) | 700,035.486 2029 | yearly | 1995 - 2029 |
| Kosovo (EUR bn) | 4.315 2029 | yearly | 2000 - 2029 |
| Kuwait (KWD bn) | 27.335 2029 | yearly | 1985 - 2029 |
| Kyrgyzstan (KGS bn) | 792.705 2029 | yearly | 1995 - 2029 |
| Laos (LAK bn) | 50,372.610 2022 | yearly | 2000 - 2022 |
| Latvia (EUR bn) | 22.508 2029 | yearly | 1998 - 2029 |
| Lebanon (LBP bn) | 277,571.056 2023 | yearly | 1990 - 2023 |
| Lesotho (LSL bn) | 34.905 2030 | yearly | 1983 - 2030 |
| Liberia (LRD bn) | 1.506 2029 | yearly | 2000 - 2029 |
| Libya (LYD bn) | 128.676 2029 | yearly | 1990 - 2029 |
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Learn more about what we doAustralia Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.8 Jun 2024 | quarterly | Jun 2003 - Jun 2024 |
| Consolidated Fiscal Balance (USD mn) | -4,711.083 Jun 2024 | quarterly | Sep 2002 - Jun 2024 |
| Tax Revenue (USD mn) | 149,474.073 Jun 2024 | quarterly | Sep 2002 - Jun 2024 |
| Tax Revenue: % of GDP (%) | 33.5 Jun 2024 | quarterly | Sep 2002 - Jun 2024 |
| National Government Debt (USD mn) | 650,929.8 2023 | yearly | 1999 - 2023 |
| Government Debt: % of GDP (%) | 38.1 2023 | yearly | 1999 - 2023 |
| Forecast: Government Expenditure (AUD bn) | 1,268.078 2029 | yearly | 1988 - 2029 |
| Forecast: Government Net Debt (AUD bn) | 1,568.589 2029 | yearly | 1989 - 2029 |
| Forecast: Government Revenue (AUD bn) | 1,234.249 2029 | yearly | 1988 - 2029 |
| DOT Forecast: Budget Aggregates: Revenue (AUD bn) | 819.600 2028 | yearly | 1997 - 2028 |
| DOT Forecast: Budget Aggregates: Expenses (AUD bn) | 829.800 2028 | yearly | 1997 - 2028 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.969 2029 | yearly | 1980 - 2029 |
| Trade Balance (USD mn) | 3,119.6 Sep 2024 | monthly | Jul 1971 - Sep 2024 |
| Total Exports (USD mn) | 27,639.9 Sep 2024 | monthly | Jul 1971 - Sep 2024 |
| Total Exports Growth (%) | -10.2 Sep 2024 | monthly | Jul 1972 - Sep 2024 |
| Aluminum: Exports (USD th) | 4,120,297.894 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 1,314,102.737 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,778,195.621 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 24,520.3 Sep 2024 | monthly | Jul 1971 - Sep 2024 |
| Total Imports Growth (%) | -7.8 Sep 2024 | monthly | Jul 1972 - Sep 2024 |
| Imports: Medicament (USD th) | 7,493,317.912 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 6,198,455.930 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 1,338.429 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Total Imports from USA (USD mn) | 2,739.142 Sep 2024 | monthly | Apr 1969 - Sep 2024 |
| Total Exports to China (USD mn) | 9,515.235 Sep 2024 | monthly | Apr 1969 - Sep 2024 |
| Total Imports from China (USD mn) | 6,346.875 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Trade Balance: Goods (AUD mn) | 4,234.000 Sep 2024 | monthly | Jul 1971 - Sep 2024 |
| Trade Balance: sa: Goods (AUD mn) | 4,609.000 Sep 2024 | monthly | Jul 1971 - Sep 2024 |
| Terms of Trade Index: sa (2021-2022=100) | 91.300 Jun 2024 | quarterly | Sep 1959 - Jun 2024 |
| Export: SITC: Value: FOB: Manufactured Goods Classified Chiefly By Material (MG) (AUD mn) | 1,858.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Export: SITC: Value: FOB: Commodities and Transactions (CT): nec (AUD mn) | 3,399.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Export: SITC: Value: FOB: Mineral Fuels, Lubricants and Related Materials (MF) (AUD mn) | 12,890.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Export: SITC: Value: FOB: Food & Live Animals (FL) (AUD mn) | 4,190.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Export: SITC: Value: FOB: Crude Materials, Inedible, Except Fuels (CM) (AUD mn) | 13,991.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Export: Value: Coal, whether or not Pulverized, but not Agglomerated (AUD mn) | 6,674.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Export: Value: FOB: Korea, Republic of (AUD mn) | 2,914.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Export: Value: FOB: Japan (AUD mn) | 5,301.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Export: Value: FOB: China (excl SARs and Taiwan) (AUD mn) | 14,055.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Export: Value: FOB: United States of America (AUD mn) | 1,977.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Export: Value: FOB: India (AUD mn) | 2,156.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Terms of Trade Index (2016-2017=100) | 106.800 Dec 2018 | quarterly | Sep 1959 - Dec 2018 |
| Import: SITC: Value: Commodities and Transactions (CT): nec (AUD mn) | 1,120.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Import: SITC: Value: Manufactured Goods Classified Chiefly By Material (MG) (AUD mn) | 3,472.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Import: SITC: Value: Crude Materials, Inedible, Except Fuels (CM) (AUD mn) | 424.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Import: SITC: Value: Food & Live Animals (FL) (AUD mn) | 1,923.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Import: SITC: Value: Mineral Fuels, Lubricants and Related Materials (MF) (AUD mn) | 4,146.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Import: Value: Germany (AUD mn) | 1,496.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Import: Value: United States of America (AUD mn) | 4,046.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Import: Value: Japan (AUD mn) | 1,819.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Import: Value: Singapore (AUD mn) | 1,011.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Import: Value: China (AUD mn) | 9,375.000 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Export Value Index (2015=100) | 183.729 2021 | yearly | 1995 - 2021 |
| Import Value Index (2015=100) | 125.258 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.1 Jun 2024 | quarterly | Jun 2004 - Jun 2024 |
| Household Debt: % of GDP (%) | 116.6 Mar 2023 | quarterly | Jun 1988 - Mar 2023 |
| Non-Performing Loans (USD mn) | 30,395.707 Jun 2024 | quarterly | Sep 1994 - Jun 2024 |
| Money Supply M1 (USD mn) | 1,184,678.756 Sep 2024 | monthly | Feb 1975 - Sep 2024 |
| Money Supply M2 (USD mn) | 2,132,379.740 Sep 2024 | monthly | Mar 1965 - Sep 2024 |
| M2 Growth (%) | 5.4 Sep 2024 | monthly | Mar 1966 - Sep 2024 |
| Foreign Exchange Reserves (USD mn) | 38,916.8 Oct 2024 | monthly | Jul 1969 - Oct 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 2.128 Jun 2024 | quarterly | Sep 1969 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.5 May 2023 | monthly | Jul 1971 - May 2023 |
| Gold Reserves (USD mn) | 6,999.985 Oct 2024 | monthly | Jan 1958 - Oct 2024 |
| Total Deposits (USD mn) | 2,614,643.998 Mar 2023 | quarterly | Sep 2004 - Mar 2023 |
| Total Deposits Growth (%) | 3.8 Jun 2024 | quarterly | Sep 2005 - Jun 2024 |
| Domestic Credit (USD mn) | 3,795,894.1 Aug 2024 | monthly | Dec 2001 - Aug 2024 |
| Domestic Credit Growth (%) | -1.1 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Debt Service Ratio: Households (%) | 18.800 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 22.300 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Credit to Households (USD bn) | 1,953.455 Dec 2023 | quarterly | Dec 1977 - Dec 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 3,023.117 Dec 2023 | quarterly | Mar 1971 - Dec 2023 |
| Household Debt (USD mn) | 2,107,060.2 Jun 2024 | quarterly | Jun 1988 - Jun 2024 |
| Total Loans (USD mn) | 2,554,892.630 Sep 2024 | monthly | Sep 1976 - Sep 2024 |
| Total Loans Growth (%) | 6.36 Sep 2024 | monthly | Sep 1977 - Sep 2024 |
| Private Debt: % of Nominal GDP (%) | 124.85 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Money Supply: M3 (AUD bn) | 3,075.429 Sep 2024 | monthly | Jul 1959 - Sep 2024 |
| Money Supply: sa: M3 (AUD bn) | 3,075.252 Sep 2024 | monthly | Mar 1965 - Sep 2024 |
| Money Supply: sa: M1 (AUD bn) | 1,708.507 Sep 2024 | monthly | Feb 1975 - Sep 2024 |
| Official Reserve Assets: Total: in USD (USD mn) | 65,018.000 Oct 2024 | monthly | Jul 1969 - Oct 2024 |
| AU: Broad Money (AUD mn) | 3,254,406.401 2023 | yearly | 1960 - 2023 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Economic Policy Uncertainty Index (Index) | 140.248 Sep 2024 | monthly | Jan 1997 - Sep 2024 |
| Geopolitical Risk Index (%) | 0.111 Oct 2024 | monthly | Jan 1985 - Oct 2024 |
| Exports: % of GDP (%) | 27.346 2022 | yearly | 2001 - 2022 |
| Imports: % of GDP (%) | 21.613 2022 | yearly | 2001 - 2022 |
| Business Confidence Growth (% Point) | -2.0 Sep 2024 | monthly | Jul 2013 - Sep 2024 |
| Industrial Trends Survey: Composite Index: sa: Expected (Index) | 53.000 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
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