 | |
| Submitted | 3 May 2016 |
|---|---|
| Submitted by | Turnbull government |
| Submitted to | House of Representatives |
| Parliament | 44th |
| Party | Liberal/National Coalition |
| Treasurer | Scott Morrison |
| Total revenue | $415.7 billion[1] |
| Program Spending | $447.8 billion[1] |
| Deficit | A$33.2 billion[1] |
| Debt | $322.3 billion (net debt) (18.4% of GDP) |
| Website | budget.gov.au |
|
‹ 2015 2017› | |
The 2016 Australian federal budget was the federal budget to fund government services and operations for the 2016–17 financial year. It was presented to the House of Representatives by Treasurer Scott Morrison on 3 May 2016. It was the third budget to be handed down by the Liberal/National Coalition since their election to government at the 2013 federal election, and the first to be handed down by Morrison as Treasurer and the Turnbull government.
Breaking from convention, the budget was submitted a week earlier than the traditional annual date of the second Tuesday in May, amidst a run-up to the 2016 federal election. Prime Minister Malcolm Turnbull had recalled parliament early, in anticipation of a double dissolution triggering an election for 2 July 2016.
- ^ a b c Morrison, Scott; Cormann, Mathias (September 2017). "Final Budget Outcome 2016–17" (PDF). ISSN 2205-6769. Archived (PDF) from the original on 1 October 2024. Retrieved 1 October 2024 – via The Commonwealth of Australia.