Projection of General government net lending/borrowing for Australia
GGNLBPAUA188N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.98
Year-over-Year Change
-23.34%
Date Range
1/1/2025 - 1/1/2030
Summary
The 'Projection of General government net lending/borrowing for Australia' measures the country's fiscal balance as a percentage of GDP, providing insights into the government's fiscal policy and economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend represents the projected net lending or borrowing position of the Australian general government sector, including central, state, and local governments. It is a key indicator of the government's fiscal stance and sustainability, used by policymakers and analysts to assess economic performance.
Methodology
The data is compiled by the International Monetary Fund (IMF) based on official government finance statistics.
Historical Context
This trend is closely monitored by economists, investors, and policymakers to gauge Australia's fiscal health and inform economic policy decisions.
Key Facts
- Australia's projected fiscal balance as a percentage of GDP in 2022 is -3.7%.
- The government's net lending/borrowing position is a key indicator of fiscal sustainability.
- Positive values indicate a fiscal surplus, while negative values indicate a fiscal deficit.
FAQs
Q: What does this economic trend measure?
A: This trend measures the projected net lending or borrowing position of the Australian general government sector, including central, state, and local governments, as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: The government's fiscal balance is a critical indicator of economic conditions and the sustainability of public finances, used by policymakers, investors, and analysts to assess Australia's fiscal health and inform economic decisions.
Q: How is this data collected or calculated?
A: The data is compiled by the International Monetary Fund (IMF) based on official government finance statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge Australia's fiscal position and inform decisions on taxation, spending, and other economic policies.
Q: Are there update delays or limitations?
A: The data is projected by the IMF and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Projection of General government net lending/borrowing for Australia (GGNLBPAUA188N), retrieved from FRED.