Statement 5: Revenue
This statement contains details of the estimates of Australian Government revenue.
The Australian Government is providing additional personal tax relief of $36.7 billion over four years and is increasing the diminishing value rate of depreciation of eligible company assets acquired from 10 May 2006.
The revenue estimates have been revised up since the Mid-Year Economic and Fiscal Outlook 2005‑06 (MYEFO), reflecting stronger growth in expected revenue from companies and individuals in 2005‑06, together with a stronger outlook for corporate profits in 2006.
Information about GST revenue is provided in Budget Paper No. 3, Federal Financial Relations 2006‑07.