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Economics

How this budget was built

BY ALEX DUNNIN | TUESDAY, 9 MAY 2023 7:58PM

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%.

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