Federal Government revenue next financial year is expected to be $486.1 billion, an increase of 6.6%, according to budget papers.
Total expenses for 2018-19 are expected to be $488.6 billion, an increase of 4.2%.
Here’s where the revenue comes from:
And here’s where the money is spent:
MORE FROM OUR FEDERAL BUDGET 2018 COVERAGE:
- FEDERAL BUDGET 2018: What you need to know
- What the income tax cuts mean for pay packets
- The government is banking on optimistic wage growth forecasts to achieve its budget goals
- WARREN HOGAN: The numbers are solid, avoiding temptation of a pre-election splurge
- How the budget is going to tackle Australia’s $50 billion black economy
- Where the revenue comes from and how taxpayer money is spent
- MAP: The government’s 10-year national infrastructure plan
- The key economic forecasts in the 2018 federal budget
- Here’s the full federal budget speech by Scott Morrison MP
- Restoring coral and fighting crown of thorns starfish at the Great Barrier Reef
- Australians are finally getting Consumer Data Rights
- Australia has a $225 million plan to make GPS more accurate
- Standard and Poor’s still has a negative outlook on Australia’s AAA credit rating
- INFOGRAPHIC: The major initiatives in the 2018-19 federal budget
- Here are some of the key tech and science projects getting funding in the federal budget
- The government is spending $294 million on increased airport security
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