How is government money spent?

BP2 Budget Strategy and Outlook

Chapter 2: Fiscal Outlook provides a high level overview of key policy and non-policy decisions, and their financial impact on the budget and over the forward estimates. In addition, the chapter also outlines key components of expenditure (Table 2.9 Non financial sector – expenditure).

BP2, Table 2.9: Non financial public sector – expenditure

	2023-24	2024-25	2025-26	2026-27	2027-28
	Revised	Budget	Forward estimate
	$M	$M	$M	$M	$M
Expenses
Employee expenses	3 122	3 103	3 017	3 101	3 205
Superannuation expenses	520	528	528	532	520
Depreciation and amortisation	854	855	860	856	855
Other operating expenses	2 546	2 501	2 359	2 386	2 434
Interest expenses	482	586	663	716	756
Current grants	1 182	1 213	1 143	1 149	1 179
Capital grants	165	193	108	92	33
Subsidies and personal benefit payments	74	68	67	68	69
Total expenses	8 945	9 047	8 745	8 900	9 051

Net capital	1 537	2 070	1 617	1 399	1 198
Total expenditure	10 482	11 117	10 362	10 299	10 249

Guide to the budget papers