Status quo budget

Status quo budget · Passed 17 Jul 2024

✅ 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 $959 $16.3bn
Retirement $3,353 $57.0bn
Healthcare $2,394 $40.7bn
Education $1,435 $24.4bn
Housing $476 $8.1bn
Justice, Police & Internal Security $600 $10.2bn
Defence $841 $14.3bn
Environment & Climate $241 $4.1bn
Business Support $359 $6.1bn
Arts, Culture & Media $241 $4.1bn
Foreign Aid $241 $4.1bn
Roads & Highways $300 $5.1bn
Public Transport & Rail $240 $4.1bn
Energy Infrastructure $180 $3.1bn
Ports & Airports $120 $2.0bn
Total $203.7bn
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