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Government Finance of Australia

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

42.6% 19.5% 9.7% 23.1%
  • Personal income taxes: 42.6%
  • Corporate income taxes: 19.5%
  • Payroll taxes: 5.1%
  • Property taxes: 9.7%
  • Goods and services taxes: 23.1%
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Personal income taxes
42.6%
Corporate income taxes
19.5%
Payroll taxes
5.1%
Property taxes
9.7%
Goods and services taxes
23.1%

Source: OECD Global Revenue Statistics Database, 2023.

Government Debt

Government Gross Debt (% of GDP) 50.6% #97 / 184 2026
Government Gross Debt (Local currency - AUD) 1.53T - 2026
Government Net Debt (% of GDP) 32.1% #61 / 86 2026
Government Net Debt (Local currency - AUD) 968B - 2026

Fiscal Balance

Fiscal Balance (% of GDP) -2.4% #79 / 189 2026
Fiscal Balance (Local currency - AUD) -73.4B - 2026
Primary Fiscal Balance (% of GDP) -1.3% #99 / 182 2026
Primary Fiscal Balance (Local currency - AUD) -40.4B - 2026

Revenue and Spending

Government Revenue (% of GDP) 36.6% #51 / 189 2026
Government Revenue (Local currency - AUD) 1.1T - 2026
Government Spending (% of GDP) 39.1% #55 / 189 2026
Government Spending (Local currency - AUD) 1.18T - 2026

International Reserves

Total Reserves (USD) 60.4B #39 / 163 2024

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