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Interesting thanks, hadn't seen it. I delve into the Treasury Portfolio wedge and I get a sinister "Outcome 1" looking as big as our welfare budget (I think fr
by Clownshoesms 10y ago
Interesting thanks, hadn't seen it.
I delve into the Treasury Portfolio wedge and I get a sinister "Outcome 1" looking as big as our welfare budget (I think from a quick squiz this says 120 billion for welfare but I thought it was closer to 180 billion).
What's all the stuff under the Treasury portfolio?
- spangry 10y agoI can't figure this out myself. I could swear that budget accounting is designed to be as unreadable and incomprehensible as humanly possible. Take a look at http://www.budget.gov.au/2016-17/content/bp4/html/05_art-16.htm http://www.budget.gov.au/2016-17/content/bp4/html/05_art-16.... and scroll right to the bottom. Taken at face value, this seems to suggest total actual appropriations just for the Treasury portfolio were $765bn in 2015-16. Given this equates to about 43% of nominal GDP in 2015, there must be something else going on here that I''m missing.