Has Australia ever had a surplus?
Has Australia ever had a surplus? The very fact that Australia has had government deficits and debt in the past shows that prior 'savings' through the accumulation of surpluses is unnecessary....David Richardson.Fiscal Balance as Share of GDP (%)Net Debt as Share of GDP (%)Australia0.57.4United States1.242.6Japan-4.646.1Germany-0.352.4 Has the government ever had a surplus? According to the Congressional Budget Office, the United States last had a budget surplus during fiscal year 2001. When did Australia record a current account surplus? Australia's current account surplus in seasonally adjusted terms increased $1.5 billion to a record $20.5 billion in the June quarter 2021, according...