A huge hole has opened up in the federal governments revenue stream. Revenue next financial year will be reduced to just $290 billion. The government hasn’t had to operate on such a lean amount of revenue for many years. Three in fact. Yes despite the rhetoric federal government revenue in 2009-10 will still be higher than it was in 2006-07. And 2006-07 was at the time a record high for revenue. It’s all in table C1.
Table C1: Australian Government (accrual) revenue
Table C1: Australian Government (accrual) revenue (continued)