Budget 2024 package
Budget 2024 includes new spending, savings and the reprioritisation of resources to frontline services, all within an operating allowance of $3.2 billion per annum - the lowest operating allowance since Budget 2018. Tax relief is fully funded, and spending is targeted, effective and affordable.
| Budget 2024 package | Operating annual average cost/ (saving) $billion |
|---|---|
| Tax relief | 3.68 |
| Savings and revenue to fund tax relief | (3.71) |
| Health | 2.01 |
| Education (including tertiary) | 1.01 |
| Law and order | 0.46 |
| Social sector and disability services | 0.37 |
| Transport | 0.22 |
| Defence and foreign affairs | 0.11 |
| Other new spending | 1.21 |
| Savings and revenue to fund core services | (2.15) |
| Total Budget 2024 | 3.20 |
Note the components of this table do not sum to this total due to rounding.