| Australian federal budget 2019 | |
| Country: | Australia |
| Date Submitted: | 2 April 2019 |
| Total Revenue: | $505.521 billion (25.2 % of GDP) |
| Total Expenditures: | $493.327 billion (24.6% of GDP) |
| Deficit: | $85.3 billion (3.4% of GDP) |
| Url: | budget.gov.au |
| Previous Budget: | 2018 Australian federal budget |
| Previous Year: | 2018 |
| Next Budget: | 2020 Australian federal budget |
| Next Year: | 2020 |
| Below: | Notes: Surplus = receipts - payments - net Future Fund earnings. Italics are estimates in the budget |
The 2019 Australian federal budget was the federal budget to fund government services and operations for the 2019–20 financial year. The budget was presented to the House of Representatives by Treasurer Josh Frydenberg on 2 April 2019. It was the sixth budget to be handed down by the Liberal/National Coalition since their election to government at the 2013 federal election, and the first budget to be handed down by Frydenberg and the Morrison government. All of the figures below are estimates published in the 2019-20 budget documents.
Gross income tax withholding $218.1 billion
Gross other individuals $47.6 billion
Refunds $36.9 billion
Fringe benefits tax $3.93 billion
Company tax $98.9 billion
Superannuation taxation $9.71 billion
Petroleum resource rent tax $1.4 billion
Goods and services tax $67.364 billion
Wine equalisation tax $1.08 billion
Luxury car tax $640 million
Excise & customs duty $45.69 billion
Major bank levy $1.6 billion
Agricultural levies $520 million
Other taxes $6.763 billion
Sales of goods & services $15.745 billion
Interest received $5.701 billion
Dividends $6.165 billion
Other non-taxation receipts $11.512 billion
Capital gains tax $18.1 billion
Medicare levy $18.15 billion[1]
Note: Capital gains tax is part of gross other individuals, company tax and superannuation fund taxes, while the Medicare Levy is included in income taxes.[2]
Total $500.872 billion
General public services $23.614 billion Defence $32.243 billion Public order & safety $5.919 billion Education $36.350 billion Health $81.777 billion Social Security & Welfare $180.125 billion Housing and community services $5.907 billion Recreation & culture $3.849 billion Fuel & energy $8.171 billion Agriculture, forestry & fishing $2.871 billion Mining, manufacturing & construction $3.442 billion Transport & communication $9.038 billion Other economic affairs $9.297 billion Public debt interest $17.037 billion Nominal superannuation interest $11.127 billion General revenue assistance - States and Territories $69.053 billion General revenue assistance - Local governments $1.275 billion Natural disaster relief $11 million Contingency reserve -$216 million[3]
Deficit
The Budget deficit for 2018/19 is expected to be $4.162 billion, falling from $10.141 billion in 2017/18.[4]
The surplus for 2019-20 is expected to be around $7 billion.
Debt
The government's debt level was forecast to be $629 billion in 2019/20.[5]