Status quo budget

Status quo budget · Passed 20 Oct 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 $934 $21.1bn
Retirement $3,274 $74.0bn
Healthcare $2,341 $52.9bn
Education $1,403 $31.7bn
Housing $469 $10.6bn
Justice, Police & Internal Security $584 $13.2bn
Defence $819 $18.5bn
Environment & Climate $235 $5.3bn
Business Support $350 $7.9bn
Arts, Culture & Media $235 $5.3bn
Foreign Aid $235 $5.3bn
Roads & Highways $292 $6.6bn
Public Transport & Rail $234 $5.3bn
Energy Infrastructure $175 $4.0bn
Ports & Airports $117 $2.6bn
Total $264.3bn
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