Revenue

Total accrual revenue in 2004-05 of $206.2 billion was 1.8 per cent higher than expected at the 2005-06 Budget. The variation reflects:

• company taxation accrual revenue was around $2.5 billion higher than expected, primarily owing to stronger income growth and profitability in the June quarter 2005;
• other individuals taxation accrual revenue was $363 million higher than expected, primarily owing to the lagged effect of strong growth in investment income in 2003-04; and
• non-taxation accrual revenue was $500 million higher than expected.

Table 2: Australian Government general government sector revenue

1. Includes Medicare levy revenue of $6,105 million in 2004-05.
2. Consistent with GFS reporting standards, excludes fringe benefits tax collected from Australian Government agencies ($387 million in 2004-05).

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