The Budget
Where the money comes from, and where it goes
Every dollar the Commonwealth spends is raised from taxpayers or borrowed. These are the government’s own figures, category by category.
Budget estimate
2026-27
- Revenue
- $815.3bn
- Spending
- $833.3bn
- Deficit
- $31.5bn
- Gross debt
- $1,051bn
Where the money comes from
| Personal income tax | $390.9bn | 47.9% |
| Company tax | $157.0bn | 19.3% |
| GST | $109.2bn | 13.4% |
| Excise & customs duty | $41.0bn | 5.0% |
| Other taxes | $58.2bn | 7.1% |
| Non-tax revenue | $59.0bn | 7.2% |
Where the money goes
| Social security & welfare | $308.7bn | 37.1% |
| Health | $136.9bn | 16.4% |
| Payments to states (mainly GST) | $111.1bn | 13.3% |
| Education | $57.3bn | 6.9% |
| Defence | $52.1bn | 6.2% |
| Interest on government debt | $31.9bn | 3.8% |
| Everything else | $135.3bn | 16.2% |
Revenue, line by line
Personal income tax$390.9bn
| Individuals and other withholding taxes | $390.90bn |
Company tax$157.0bn
| Company tax | $157.00bn |
GST$109.2bn
| Goods and services tax (passed on to the states) | $109.15bn |
Excise & customs duty$41.0bn
| Excise and customs duty (fuel, tobacco, alcohol, imports) | $40.99bn |
Other taxes$58.2bn
| Superannuation fund taxes | $31.59bn |
| Fringe benefits tax | $5.83bn |
| Petroleum resource rent tax | $1.95bn |
| Wine equalisation tax | $1.17bn |
| Luxury car tax | $1.11bn |
| Other taxes (incl. visa charges, major bank levy, agricultural levies) | $16.59bn |
Non-tax revenue$59.0bn
| Sales of goods and services | $23.82bn |
| Interest and dividends | $19.03bn |
| Other non-taxation revenue | $16.20bn |
Spending, line by line
Social security & welfare$308.7bn
| Pensions, family payments, NDIS, aged care, unemployment and other welfare | $308.74bn |
Health$136.9bn
| Medicare, hospitals funding, PBS and other health | $136.92bn |
Payments to states (mainly GST)$111.1bn
| General purpose payments to state and local governments | $111.06bn |
Education$57.3bn
| Schools, universities, vocational training | $57.35bn |
Defence$52.1bn
| Defence | $52.06bn |
Interest on government debt$31.9bn
| Public debt interest | $31.89bn |
Everything else$135.3bn
| General public services | $32.50bn |
| Nominal superannuation interest | $15.88bn |
| Transport and communication | $15.34bn |
| Fuel and energy | $15.21bn |
| Other economic affairs | $13.77bn |
| Housing and community amenities | $11.45bn |
| Public order and safety | $9.71bn |
| Recreation and culture | $6.29bn |
| Mining, manufacturing and construction | $5.56bn |
| Agriculture, forestry and fishing | $4.75bn |
| Contingency reserve | $3.93bn |
| Natural disaster relief | $0.87bn |