This isn't a deficit. It's a choice — repeated, every second, in policies that already exist.
Dollars in estimated foregone Commonwealth and State revenue, ticking from the moment this page loaded. Aggregated across 11 policy gaps totalling $122.2B/yr.
RESOURCE & ENERGY
What we give away at the source.
In short: We let mining and gas companies take resources worth tens of billions and pay almost nothing back.
TAX CONCESSIONS
What we hand back at the top.
In short: A handful of tax breaks — on super, investment property and shares — quietly hand tens of billions a year back to the people who already have the most.
CORPORATE & OTHER
What we let slip through the cracks.
In short: Big companies, family trusts and the cash economy get away with billions a year that everyone else has to make up.
WHAT THIS
COULD FUND.
$122.2B/yr in foregone revenue, reframed as what we choose not to build. Not a single new tax required.
MEDICARE
RENEWABLE ENERGY TRANSITION
FREE UNIVERSAL CHILDCARE
SOCIAL HOUSING BUILD-OUT
AGED CARE REFORM
NATIONAL HIGH-SPEED RAIL
RAISE JOBSEEKER TO PENSION RATE
NDIS SUSTAINABILITY TOP-UP
TRIPLE PUBLIC SCHOOL FUNDING
DENTAL INTO MEDICARE
FREE UNIVERSITY TUITION
DOUBLE FOREIGN AID
CLOSING THE GAP
FREE PUBLIC TRANSPORT
TAXES WE COULD ABOLISH.
Recover $122.2B/yr and refund it to households as removed consumption taxes. Revenue-neutral. Same total tax take, fairer distribution.