Government

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

In the year 2022-23:

• General government net operating balance rose $73.0b from -$34.7b in 2021-22 to $38.3b
• General government borrowing was $21.2b
• Total public sector borrowing was $52.1b
• All Australia general government net debt (L2) reached 30.6% as a percentage of GDP.

In June quarter 2024:

• general government net operating balance rose $10.5b to $15.0b, since March quarter 2024
• taxation revenue rose 17.5% to $226.8b, since March quarter 2024
• general government borrowing was $7.1b
• total public demand is expected to contribute 0.4 ppt 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 2022-23 across all levels of government, total taxation revenue was:

• $755.8 billion
• $72.7 billion (10.6%) higher than 2021-22
• 29.5% as a percentage of GDP.