The federal government has laid out $785.7 billion of spending in Tuesday's budget for the 2025-26 financial year, covering everything from tax cuts to cheaper healthcare.
Treasurer Jim Chalmers on Tuesday unveiled a projected deficit of $42 billion for the next financial year, lower than was projected in the mid-year financial update — but the budget papers reveal more detail about where the money is coming from, and where it's going.
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If the money the government planned to spend next financial year were $100, here's how it would break down.
Where the budget money is spent
Source: SBS News
Some $15.90 would be spent on health, $6.90 on education, and $6.60 on defence.
General public services would get $4, while $10.60 would go towards all other services, such as housing, transport, and energy.
The remaining $19.10 would be spent on other purposes.
Where the money comes from
Source: SBS News
An estimated $47.56 would come from in from individual and other withholding taxes, while company taxes would account for just over $19.
The revenue from Goods and Services Tax would be $12.81, and $3.71 from petrol, diesel and other fuel.
Duties on tobacco, and beer and spirits, account for less than $1 each, while just 57 cents is expected to come from visa application fees.
The remaining $14.45 will come from other sources.
