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That sounds like a lot of money. Does the Australian Government have that much money? I’m no expert on this and I’m not an Australian but I think their coffers
by webninja 2y ago
That sounds like a lot of money. Does the Australian Government have that much money?
I’m no expert on this and I’m not an Australian but I think their coffers are empty and their balance sheet is negative.
- dcgudeman 2y agoNot sure if this question is a troll but in the off chance it isn't here is a sample budget for the Australian government https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/rp/BudgetReview202021/AustralianGovernmentRevenue#:~:text=Total%20Australian%20Government%20revenue%20in,and%20the%20bushfires%20in%202020 https://www.aph.gov.au/About_Parliament/Parliamentary_Depart.... It looks like the average revenue for a given year hovers a little under half a trillion dollars. So yeah they can afford it. The idea that "their coffers are empty and their balance sheet is negative" also indicates serious ignorance about how governments finance operations. I'd suggest you start with the country you currently live in and understand how your own government finances its operations. That will likely help you understand how Australia does it.
- Narkov 2y agoYou are trolling. Australian Government revenue was AU$755.8 billion in 2023, net assets of AU$790 billion and a budget surplus of AU$18 billion in 2023/24.