Where do the federal, state and local governments get their money from?
Thank you for the great question!
The Australian Government (the federal government) gets most of the money it needs through taxation. These taxes include:
- the Goods and Services Tax (GST)
- income tax
- other taxes, such as company tax
- custom charges (taxes on goods entering or leaving the country).
The state and territory governments raise money from:
- duties, charges and taxes, such as stamp duty on the purchase of a house
- grants from the federal government.
Local governments raise money from:
- rates, and duties and charges, such fees for pet registration
- grants from state and federal governments.
The Treasurer and the Minister for Finance talking to the media about the Budget
Penny Bradfield/DPS Auspic
The Treasurer and the Minister for Finance talking to the media about the Budget
Penny Bradfield/DPS Auspic
Description
The Treasurer and the Minister for Finance standing at podiums holding a press conference about the Budget. The Budget is the Australian Government’s plan for collecting and spending money. They are facing an audience of journalists and photographers. There are many people in the room with multiple cameras set up, and several people are taking notes or recording the event.
Permission should be sought from DPS AUSPIC for third-party or commercial uses of this image. To contact DPS AUSPIC email: auspic@aph.gov.au or phone: 02 6277 3342.