Australia’s general government recorded a tighter fiscal balance in the March 2026 quarter, with the net operating balance moving from a $1.3 billion deficit to a $0.4 billion deficit. Tax revenue fell 4.5 % to $220.6 billion, while borrowing reached $12.7 billion. Total public demand was flat, contributing 0.0 percentage points to GDP growth. General government final consumption spending dropped by $258 million, a 0.2 % decline, but gross fixed capital formation rose by $484 million, up 1.8 %. Public corporation investment fell by $135 million, yet total public gross fixed capital formation grew by $349 million, up 0.9 % and adding 0.1 percentage points to GDP.
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This article is a summary of content originally published by the Australian Bureau of Statistics.
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