2011 Australian federal budget

The 2011 Australian federal budget for the Australian financial year ended 30 June 2012 was presented on 10 May 2011 by the Treasurer of Australia, Wayne Swan, the fourth federal budget presented by Swan,^[1] and the first budget of the Gillard government. The budget forecast a 22ドル.6 billion deficit and delivered a 44ドル.4 billion deficit.^[2]

• 150,890ドル million – Individuals Income Tax
• 76,650ドル million – Company and petroleum resource rent taxation
• 51,900ドル million – Sales taxes
• 20,714ドル million – Non-tax revenue
• 17,180ドル million – Petroleum excise
• 9,330ドル million – Superannuation taxation
• 9,150ドル million – Other excise
• 7,520ドル million – Customs Duty
• 3,760ドル million – Fringe Benefits taxation
• 2,867ドル million – Other taxation

Total expenses for 2011–2012 is expected to be 365ドル.8 billion, which is an increase of 1.0% from estimated expenses as reported by the Mid-Year Economic and Fiscal Outlook 2010–2011.

• 121,907ドル million – Social Security and Welfare
• 96,797ドル million – General Government Services
• 59,858ドル million – Health
• 29,870ドル million – Education
• 21,277ドル million – Defence
• 14,843ドル million – Industry and Workforce
• 13,221ドル million – Infrastructure, Transport and Energy
• 8,044ドル million – Community Services and Culture

Many significant cuts were made by the Australian Government in the 2011–12 federal budget. The government will phase out the dependent spouse tax offset, which will save 755ドル million. 1ドル.1 billion will be saved from increasing the public sector efficiency dividend, while 470ドル million will be saved by removing access to the Low Income Tax Offset for the unearned income of minors.

Before the release of the federal budget, speculation was arising about crackdowns on the welfare system. On 5 May 2011, Prime Minister Gillard announced a proposal to force teenage mothers back into secondary education on or before their child turns one. If the mothers refused to return to their appropriate schooling, their social security payments would be cut. The Prime Minister defends the policy by saying that those recipients are at a lifetime of disadvantage if they do not return to school by the required time.^[3] The Gillard government's first budget has been strongly based on the changes to the welfare system. In a push to put more people in work and to lower unemployment by refining who is a worthy recipient of welfare and better targeting of family payments. This will provide savings of approximately 2ドル billion. Higher income earners will lose more than 5ドル billion in welfare benefits and concessions.

The budget does not capture all of the spending commitments made by the Australian Commonwealth Government. Costs associated with commitments such as the National Broadband Network are dealt with separately

• Australian Charities and Not-For-Profits Commission
• Economy of Australia

• Official budget website

• 2011 in Australian politics
• Australian budgets
• 2011 government budgets
• Gillard government
• May 2011 in Australia

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