Australia records A$22.3bn underlying cash deficit for 2025-26
Australia recorded an underlying cash deficit of A$22.3bn for fiscal 2025-26, according to the Final Budget Outcome published Monday.
The result was A$6.0bn smaller than the A$28.3bn estimate in May's 2026-27 budget. Receipts totaled A$764.4bn, A$4.6bn above forecast, while payments were A$786.6bn, A$1.4bn below.
Tax supplied the receipts gain.
Individual and other withholding taxes exceeded the forecast by A$2.3bn. Superannuation fund taxes were A$1.9bn higher, primarily because of foreign-exchange gains.
Gross debt closed at A$971.4bn, or 33.2 percent of GDP, A$10.6bn below the May estimate. Net debt was A$550bn, or 18.8 percent of GDP.

