Mastodawn

The huge cost to state budgets of failing GST https://australiainstitute.org.au/post/the-huge-cost-to-state-budgets-of-failing-gst/?utm_source=rss&utm_medium=rss&utm_campaign=the-huge-cost-to-state-budgets-of-failing-gst #Auspol

The huge cost to state budgets of failing GST - The Australia Institute

New Australia Institute research shows that if the GST had kept up with economic growth, as it was intended to do, states and territories would have received an additional $231 billion in revenue in the time since it was introduced. That includes $22 billion in lost revenue in 2023-24 alone. The decline of GST revenue has

The Australia Institute

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Johnno

@IndyMediaAus The Grants Commission also had a role to play, but it failed. They got their eyes on all GST revenues as if they became part of the discretionary funds from which the Federal Government could equalise the results of inequity. The states would have had more secure income if they had 100% of the GST they raised returned to the state and then let the Grants Commission do the equalising from all other sources of Federal revenues.