To understand how the 2023-24 federal budget was built, you need to understand its 2022-23 foundations because just five taxes accounted for 97% of all taxation revenue and just six programs accounted for 71% of all expenditures, with the biggest two accounting for 52%. https://www.financialstandard.com.au/feed/latest?story=179799552 en-AU Copyright 2026 Financial Standard 5