Federal Transfers to States & Territories
Estimated allocation of pass-through payments using CGC relativities
Federal Revenue
$750.5B
Tax receipts + non-tax income
(govt business profits, fees, fines, RBA dividends)
(govt business profits, fees, fines, RBA dividends)
Federal Spending
$785.7B
Total federal budget expenditure across
all departments and programs
all departments and programs
Deficit
$42.1B
The government spends more than it earns. The gap is the deficit.
Revenue: $750.5B (what comes in)
Spending: $785.7B (what goes out)
Deficit: $42.1B (the shortfall)
To cover that $42.1B gap, the government borrows money by selling government bonds — basically IOUs. Investors (banks, super funds, foreign governments) give the government cash now, and the government promises to pay them back later with interest.
It's like spending $785 a week on a $750 salary and putting the extra $42 on a credit card. Except government bonds have much lower interest rates than a credit card because lending to a government is considered very safe.
Revenue: $750.5B (what comes in)
Spending: $785.7B (what goes out)
Deficit: $42.1B (the shortfall)
To cover that $42.1B gap, the government borrows money by selling government bonds — basically IOUs. Investors (banks, super funds, foreign governments) give the government cash now, and the government promises to pay them back later with interest.
It's like spending $785 a week on a $750 salary and putting the extra $42 on a credit card. Except government bonds have much lower interest rates than a credit card because lending to a government is considered very safe.
Tax Receipts
$676.1B
Income tax, company tax, GST, excise
duties & other taxes — 86% of total revenue
duties & other taxes — 86% of total revenue
2025-26 Federal Budget
Total Tracked
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Contracts
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Departments
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Categories
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AusTender covers procurement contracts. Major budget items (pensions, NDIS, Medicare, defence, infrastructure) are included as Notable Items.
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