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The Commonwealth Budget – Overview 2003-04 |
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Commonwealth general government revenue by major categories (2003-04) Revenue and spending: major categories |
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The Government raises revenue to provide services to all Australians to improve living standards and enhance their security. Of total Government expenditure of $178 billion, three–quarters is spent on the key areas of welfare, health, education and defence. Revenue is raised from a number of sources. Commonwealth tax receipts have declined, over recent years, to be 20.7 per cent of GDP in 2003-04. |
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Commonwealth general government spending by function (2003-04) |
