Government

In the March quarter 2022:

• taxation revenue fell 5.7% to $168.4b
• general government net operating balance rose $3.2b to -$2.2b
• general government borrowing was $13.6b
• total public demand is expected to contribute 0.7ppt to the quarterly change in GDP

In the year 2020-21 across all levels of government:

• Total education expenses was $116.4b
• School education expenses was $59.5b
• Tertiary education (Universities and TAFE) expenses was $40.2b

In the year 2020-21:

• General government net operating balance fell $37.7b from -$107.9b in 2019-20 to -$145.6b
• General government borrowing was $193.0b
• Total public sector borrowing was $212.4b
• All Australia general government net debt (L2) reached 38.1% as a percentage of GDP

In the year 2020-21 across all levels of government, total taxation revenue was:

• $593.2 billion
• increased 7.5%, up $41.5 billion from 2019-20
• 28.7% as a percentage of GDP

Contains estimates of funding for arts and cultural activities by the three levels of government in Australia