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 ...
Current Account to GDP -1.60 -0.90 percent of GDP Jun 2024 Exports MoM 42148.00 40692.00 AUD Million Oct 2024 Exports by Category Exports by Country External Debt 2484616.00 2431898.00 AUD Million Sep 2024 Foreign Direct Investment 45000.00 91400.00 AUD Million Dec 2023 Gold Reserves 79.87 79.87 ...
risingdebtmadeonlyamarginalcontribution:theincreaseindebtthatyearaddedaonlybilliondollarsinspendingpowertoour$28billionGDP.Now,itiscrucial.Lastyear,theincreaseinprivatedebtadded$240billioninspendingpowertoouronetrilliondollarGDP(thankfully,forthefirsttimeinoveradecade,businessesborrowedmorethanhouseholds,soatleast...
In the October Global Financial Stability Report, The IMF said "higher growth in household debt is associated with a greater probability of a banking crises." Throughout most advanced countries the ratio of debt to GDP is around 63 percent. But down under, household debt has increased to repre...
Empirically, we first examine how much fiscal consolidation is required for debt stabilisation at current levels, before considering what sized budget balances are needed to achieve the target debt to GDP ratios consistent with the proposed objectives. The results show that no target debt to GDP ...
The massive amounts of mortgage debt associated with nosebleeds housing valuations has resulted in Australia having one of the highest household debt to GDP ratios on the planet, at a staggering 130% (second only to Switzerland, and well above the 75% typical of most advanced economies) ...
Debt risks are shifting to DM. The IMF warned against continued expansionary deficits and rising debt-to-GDP ratios, especially in the US. While investors continue to believe in US exceptionalism in terms of growth and private investments, we sensed a widespread concern about US fiscal sustainabili...
0.09% of GDP (2020 est.) 0.13% of GDP (2019 est.) Budget revenues:$479.33 billion (2019 est.) expenditures:$532.579 billion (2019 est.) Budget surplus (+) or deficit (-) -0.5% (of GDP) (2017 est.) Public debt 69.41% of GDP (2020 est.) ...
Consolidated Fiscal Balance: % of GDP (%) -1.8 Jun 2024 quarterly Jun 2003 - Jun 2024 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...
The nation's gross debt was forecast to shrink from 18.2 percent of Gross Domestic Product (GDP) in 2018-19 to 1.5 percent of GDP in 2028-29. "Today's update shows the Australian economy is on the right track giving us much to look forward to," Frydenberg said....