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1.5 State of the budget

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Expenditure Revenue

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-0.9%0.8%

2.1% 2.3%3.1% 3.6%

4.9%5.6% 5.9% 6.2%

6.9%8.0%

8.5%

11.5%

13.1%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

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1.6 Effects of Budget decisions on the bottom line

Estimates Projections

2013-14 2014-15 2015-16 2016-17 Total

$m $m $m $m $m

Effect of policy decisions

Receipts -2 673 1,916 2,786 5,373

Payments 512 1,045 4,018 7,628 12,180

2014-15 Budget underlying cash balance (a)

-49,855 -29,773 -17,084 -10,562 -107,275

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Fringe benefits tax1%

Superannuation taxes

2%

Company and resource rent

taxes19%

Sales taxes15%

Fuels excise5%

Other excise2%Customs duty

2%Other taxes

1%

Non-tax revenue,

22.5

Individuals income tax, 183.6

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All other functions10%

Social security and welfare

35%

Other purposes20%

Health16%

Education7%

Defence6%

General public services

6%

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