New data shows how your taxes are being spent

New data obtained from the Treasury through Senate Estimates shows exactly how the average taxpayer's $11,427 in income tax is being spent.

This new data follows Senator Abetz's long-running advocacy for a reintroduction of the debt ceiling to ensure the Parliament thinks seriously about new spending measures.

"This analysis shows the real impact to every taxpayer of how the Parliament is spending their money," Senator Abetz said.

"With more than half the budget being spent on health and welfare, it is clear that our current fiscal situation is unsustainable and we need to see if we can deliver the same outcomes while spending less money. Further, the fact that each taxpayer is paying $474 towards interest on our national debt once again highlights how important it is to reduce the debt burden on future generations.

"Thanks to Labor, we as a nation are projected to have $700 billion in debt, something that future generations will have to pay back with interest. The disappointing revelation in these statistics is that most of the debt is being racked up on welfare. It is inexplicable that we are asking the youth of today to pay for today's welfare bill with interest because Labor and Greens Senators refuse to take difficult decisions," Senator Abetz concluded. 

Total Federal Government spending (2016-17)

 

$m

per cent

Notional contribution by 
average tax payer 

Welfare

146,613

37.9%

$4,326

     Aged

61,754

15.9%

$1,822

     Families

36,001

9.3%

$1,062

     Disability

30,555

7.9%

$902

     Unemployed

11,046

2.9%

$326

     Other

7,258

1.9%

$214

Health

74,445

19.2%

$2,197

Education

32,594

8.4%

$962

Defence

34,630

8.9%

$1,022

General public services

19,897

5.1%

$587

Interest on Government debt

16,076

4.2%

$474

Housing and community

4,625

1.2%

$136

Fuel and energy Sector

6,726

1.7%

$198

Foreign affairs and economic aid

6,383

1.6%

$188

Transport and communication

9,139

2.4%

$270

Industry assistance

5,879

1.5%

$173

Immigration

3,594

0.9%

$106

Public order and safety

5,189

1.3%

$153

Recreation and culture

3,623

0.9%

$107

Other purposes                              

17,840   

4.6% 

$526 

Total

387,253

100.0%

$11,427

 

 

 

About Eric

Eric Abetz has been a Liberal Senator for Tasmania since 1994 and has served in a range of Leadership, Ministerial and Shadow Ministerial roles.

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Contact

136 Davey Street
Hobart  TAS  7001

(03) 6224 3707

Senator.Abetz@aph.gov.au

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