Australian government spending rebounded in the third quarter, data showed on Tuesday, with gains across recurring items and investment projects providing a solid boost to economic growth.
Spending on operational items rose 0.8% in the July-September quarter from the previous quarter to an inflation-adjusted A$158.0 billion ($103.30 billion), the Australian Bureau of Statistics reported.
Total investment in fixed assets by the government and public enterprises jumped 3.0% to A$38.1 billion quarter-on-quarter. In all, the ABS estimated total public spending added 0.4 percentage points to third-quarter gross domestic product, after contributing almost nothing in the previous quarter.
($1 = 1.5295 Australian dollars)