SBS News – Australia
·australia
·2 hours ago
Where your tax money goes: Breaking down the federal budget as $100
The federal government will spend $833.2 billion this year, a $47.5 billion increase, with social security and welfare consuming 37.1 percent of spending. Health receives 16.4 percent, education 6.9 percent, and defence 6.2 percent. Social security spending is projected to reach nearly 40 percent by 2030 due to rising disability support and aged care demand.
Summary by Glance · SBS News – Australia
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