Total tax revenue last financial year … $317 billion.
Projected for this year … $340 billion.
Increase over last year 7.25%.
Yes, I said increase. Mr Swan and Miss Gillard are crying woe is us because of an unexpected fall in government revenue. If you expect more than a 7.25% increase in annual income you may well be disappointed!
There are three things to consider expenditure, expenditure and expenditure. These are the key to the budget black hole.
And the government continue to promise plenty of expenditure …