Where does my tax go?
Each year, the Australian Government budget outlines an economic forecast which includes expenditure and revenue estimates for the current financial year. This informs Australian taxpayers of the intended revenue expenditure to achieve its social and political priorities.
Tax allows us to live in a society that caters for our elderly, ill and less fortunate. It also takes an active role in education and defending its people, as well as building and maintaining new infrastructure around Australia.
The 2019/2020 Australian budget was spent as follows:
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$3.6 billion additional revenue for the operations of the ATO Tax Avoidance Taskforce
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$3.9 billion for the Emergency Response Fund to respond to natural disasters
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$2 billion over 15 years for the Climate Solutions Fund
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$448.5 million from 2020-21 for hospital services and affordable medicines
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$3.9 billion for an Emergency Response Fund
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$300 million in grants for the cattle industry to respond to natural disasters
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$525 million skills package for new apprenticeships
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$528 million for the Royal Commission into Violence, Abuse, Neglect and Exploitation of People with Disability
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$386 million for sports participation funding for local clubs and elite sports pathways as part of the Sport 2030 plan
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$328 million over the next four years to implement the fourth action plan from the National Plan to Reduce Violence Against Women and their Children 2010-2022
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$174.1 million to re-transfer asylum seekers housed on Christmas Islan