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The March 2022 Australian federal budget was the federal budget to fund government services and operations. The budget was presented to the House of Representatives by Treasurer Josh Frydenberg on 29 March 2022.
The October 2022 Australian federal budget was the federal budget to fund government services and operations. The budget was presented to the House of Representatives by Treasurer Jim Chalmers on 25 October 2022. It was the first budget to be handed down by the Australian Labor Party since their election to government at the 2022 federal election.
This list shows the government spending on education of various countries and subnational areas by percent (%) of GDP (1989–2022). It does not include private expenditure on education. It does not include private expenditure on education.
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
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Declaring a number of debt reduction strategies ranging from tariff rate reductions to privatisation and competitive tendering, Australia's public sector significantly declined in the period of his tenure. [12] Spending in the 1990s saw significant shifts in social policy expenditure as part of a broader scheme of "low inflation targeting".
Country Expenditure on education (% of government spending) Year Grenada 42.79: 2016 Zimbabwe 30.01: 2014 Ethiopia 27.10: 2015 Eswatini 24.95: 2014 Bhutan 24.04: 2017 Guatemala
Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account. Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average).