Australia government consumption rose 0.7% in Q4
[SYDNEY] Australian government spending for consumption rose 0.7 per cent in the fourth quarter to an inflation-adjusted A$73.65 billion (S$73.78 billion), the Australian Bureau of Statistics reported on Tuesday.
Investment spending by the government and public enterprises increased 6 per cent to A$17.39 billion. This series has been distorted in recent years by the transfer of assets between the public and private sectors.
The data will feed into the gross domestic product (GDP) report for the third quarter due on Wednesday.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Fed’s preferred core inflation gauge rose at a brisk pace in March
Thames water crisis risks £100 billion UK investment plan
Indian central bank issues draft guidelines for web aggregators of loan products
Vietnam National Assembly head resigns amid graft purge
China central bank flags bond investment risks to some financial institutions: sources
Xi tells Blinken US, China should be 'partners, not rivals'