Statement 5: Revenue
This statement contains details of the estimates of Australian Government revenue. The revenue estimates have been revised up since the Pre‑Election Economic and Fiscal Outlook 2007 (2007 PEFO), mainly because of strong employment and wage growth, corporate profits and other business income flowing in part from the significantly higher terms of trade. This has been partly offset by reductions in capital gains tax and higher borrowing costs for business. The Government will provide personal income tax cuts of $46.7 billion over four years from 2008‑09. |
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