The cost of slow growth in GST revenue. The growing problem of short-changing the states
Author
Media release
The Howard Government claimed that GST revenue would grow in line with Australia’s economy.
The Howard Government claimed that GST revenue would grow in line with Australia’s economy.
It has not.
The slower growth in GST revenue means that states and territories have $26 billion less to spend in 2025-26 than was intended.
The difference over the forward estimates for all states and territories is $122 billion.