Status quo budget

Status quo budget · Passed 27 Jul 2020

✅ Passed

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 25%
Personal income tax: Medium earners 25%
Personal income tax: High earners 25%
Personal income tax: Elite earners 25%

Annual Spending

Category $ per capita Amount
Social Welfare $1,097 $10.2bn
Retirement $3,849 $35.8bn
Healthcare $2,753 $25.6bn
Education $1,645 $15.3bn
Housing $548 $5.1bn
Justice, Police & Internal Security $688 $6.4bn
Defence $957 $8.9bn
Environment & Climate $280 $2.6bn
Business Support $409 $3.8bn
Arts, Culture & Media $280 $2.6bn
Foreign Aid $280 $2.6bn
Roads & Highways $342 $3.2bn
Public Transport & Rail $273 $2.5bn
Energy Infrastructure $205 $1.9bn
Ports & Airports $137 $1.3bn
Total $127.8bn
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