Australia's March Net Operating Balance Improves by $1.3 Billion as Tax Revenue Falls 4.5%
Updated
Updated · IndexBox, Inc. · Jun 2
Australia's March Net Operating Balance Improves by $1.3 Billion as Tax Revenue Falls 4.5%
3 articles · Updated · IndexBox, Inc. · Jun 2
$1.3 billion of improvement left Australia's general government net operating balance at a still-negative $0.4 billion in the March quarter of 2026, according to ABS finance statistics.
Taxation revenue fell 4.5% to $220.6 billion over the quarter, while general government borrowing stood at $12.7 billion.
Public demand is expected to add 0 percentage points to March-quarter GDP, with government final consumption down $258 million, or 0.2%.
Capital spending offered the main support: general government gross fixed capital formation rose $484 million, lifting total public investment by $349 million, or 0.9%, for a 0.1-point GDP contribution.