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Preparing your financial insights
Preparing your financial insights
Comprehensive breakdown of government spending and revenue
Total Spending
A$670,000,000,000
Total Revenue
A$640,000,000,000
Deficit
A$30,000,000,000
National Debt
A$900,000,000,000
Breakdown of 2024 budget allocation
A$234,500,000,000
35%
A$107,200,000,000
16%
A$53,600,000,000
8%
A$40,200,000,000
6%
A$46,900,000,000
7%
A$26,800,000,000
4%
A$20,100,000,000
3%
A$140,700,000,000
21%
Australia's federal budget for fiscal year 2024-25 (July 1, 2024 - June 30, 2025) totals approximately A$670 billion in expenditure.
Source: Australian Treasury, Budget 2024-25