Revenue and expenditure

Budget Review October 2022–23 Index

Christopher McGann

The following figures use data from Budget strategy and outlook: budget paper no. 1: October 2022–23 to show the Australian Government’s major sources of revenue and key areas of expenditure by selected Government Finance Statistics functions. Budget papers and broader reporting of these data conventionally use nominal values, which do not account for inflation. These figures have been converted to 2021–22 dollars to allow for inflation adjusted comparisons using the Consumer Price Index (CPI) results and forecasts from Budget paper no. 1 (p. 6).

Figure 1        Australian Government revenue by source, 2007–08 to 2025–26 

Note: ‘(e)’ means that figures are budget estimates.

Source: Australian Government, Budget Paper no. 1: Statement 11: Historical Australian Government Data, 378–379; Australian Government, Budget Paper no. 1: Statement 10: Australian Government Budget Financial Statements, 341; Australian Government, Budget Strategy and Outlook: Budget Paper no. 1: 2021–22: online supplementary tables, table 3: Australian Government (accrual) revenue; Parliamentary Library calculations.


Figure 2                Australian Government expenditure by function, 2007–08 to 2025–26 

Notes: ‘(e)’ means that figures are budget estimates.

‘All other expenses’ includes: General public service, Public order and safety, Recreation and culture, Agriculture, forestry and fishing, Mining, manufacturing and construction, Other economic affairs and Other purposes.

Public Debt interest and General revenue assistance are sub-functions of Other purposes. Economic response to Coronavirus is a sub-function of Other economic affairs.

Source: Australian Government, Budget Paper No. 1: Statement 6: Expenses and Net Capital Investment, 210–213; Australian Government, Final budget outcome, various years; Parliamentary Library calculations.



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