Fossil fuel subsidies in Australia 2023

Federal and state government assistance to fossil fuel producers and major users in 2022–23

In 2022–23, Australian Federal and state governments provided a total of $11.1 billion worth of spending and tax breaks to assist fossil fuel industries.

This year’s figure represents a 5% decline on last year’s, but subsidies in the forward estimates have increased from $55.3 billion to a record $57.1 billion. This is 14 times greater than the balance of Australia’s Disaster Ready Fund, which is used to respond to climate disasters.

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