Australian government spending adds 0.3 percentage points to GDP in Q4
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[SYDNEY] Australian government spending rose solidly again in the December quarter, adding 0.3 percentage points to gross domestic product (GDP).
Spending on operational items increased 0.8 per cent in the fourth quarter from the previous quarter to an inflation-adjusted A$104.62 billion (S$108 billion), the Australian Bureau of Statistics reported on Tuesday.
Investment in fixed assets by the government and public enterprises rose 2.5 per cent to A$26.22 billion.
The ABS said the 1.1 per cent increase in total public sector demand was expected to contribute 0.3 percentage points to real GDP, data for which are due on Wednesday.
Public spending accounts usually for around 24 per cent of GDP.
Analysts forecast GDP rebounded by around 2.5 per cent in the fourth quarter, on top of a surprisingly strong 3.3 per cent jump the previous quarter.
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