© Department of Finance
This content is only accurate as at the date of printing or download. Refer to Home | Department of Finance to ensure you are viewing the latest version.
09/11/2025
Last week, Finance came together to celebrate our colleagues and recognise excellence and integrity in their outstanding achievements and behaviours.
The Finance Awards program demonstrates that our people and their work are valued and appreciated. Excellence and integrity underpin each of the 5 categories of the Awards: Stewardship, Engagement, Future-focused, Inclusion and Individual Leadership.
Congratulations to our 2025 Finance Awards winners!
View the Annual Report on transparency.gov.au.
Download a copy of the Annual Report 2024-25.
Finance’s 2024–25 Annual Report is now available and provides an overview of our achievements, financial position and performance for 2024–25.
The year in focus section provides an overview of some of our key achievements, including:
| Finance FOI Reference # | |
|---|---|
| FOI Title | Summary of payments to ministerial staff due to deferral period |
| Date released to applicant | |
| Date first published on this site | |
| Information |
The Commonwealth Risk Committee (the CRC) met on the 18 September 2025 via Microsoft Teams to discuss the following matters:
Are you a business seeking more information on the upcoming changes to the Commonwealth Procurement Rules (CPRs)? Are you interested in learning more about how the Australian Government will prioritise Australian businesses in government procurement and contracts?
If so, you may be interested in attending a free business briefing, delivered by Finance, that outlines the key updates to the CPRs that take effect from 17 November 2025, including:
The Australian Government is testing new ways to use Digital ID and the Consumer Data Right (CDR) to help people and businesses.
The Department of Finance and the Treasury asked businesses to take part in trials to better protect renters’ personal information.
These trials, called pilots, are now starting. They aim to improve how people apply for rental homes in Australia.
Right now, renters often have to give real estate agents or landlords copies of ID documents and financial details.
Senator the Hon Katy Gallagher
Minister for Finance
Minister for Women
Minister for the Public Service
Minister for Government Services
KG 30/25
Friday, 24 October 2025
| AGGREGATES(a) |
ACTUAL 2025-2026 September $b |
ACTUAL 2025-2026 YTD September $b |
Budget Profile 2025-2026 YTD September $b |
BUDGET ESTIMATE* 2025-2026 FULL YEAR $b |
|---|---|---|---|---|
| Receipts(b) | 50.1 | 169.3 | 163.6 | 735.4 |
| Payments(c) | 60.0 | 190.8 | 190.5 | 777.5 |
| Underlying cash balance | -9.9 | -21.5 | -26.8 | -42.1 |
| Headline cash balance | -10.3 | -23.3 | -30.0 | -65.2 |
| Revenue | 50.0 | 170.3 | 166.8 | 750.3 |
| Expenses | 60.7 | 193.0 | 193.6 | 785.7 |
| Net operating balance | -10.7 | -22.6 | -26.8 | -35.4 |
| Net capital investment | 0.8 | 1.5 | 0.8 | 8.8 |
| Fiscal balance | -11.6 | -24.1 | -27.6 | -44.2 |
| Total assets | 915.1 | 906.1 | ||
| Total liabilities | 1,542.3 | 1,527.9 | ||
| Net worth(d) | -627.1 | -621.8 | ||
| Net debt(e) | 552.0 | 620.3 |
| Note |
ACTUAL 2025-2026 September $m |
ACTUAL 2025-2026 YTD September $m |
Budget Profile 2025-2026 YTD September $m |
BUDGET ESTIMATE* 2025-2026 FULL YEAR $m |
|
|---|---|---|---|---|---|
| Revenue | |||||
| Taxation revenue | 1,2 | 46,097 | 156,401 | 153,594 | 694,304 |
| Sales of goods and services | 1,068 | 5,887 | 5,553 | 22,256 | |
| Interest income | 722 | 2,152 | 2,218 | 10,619 | |
| Dividend and distribution income | 761 | 1,685 | 1,779 | 7,434 | |
| Other | 1,318 | 4,217 | 3,650 | 15,648 | |
| Total revenue | 49,966 | 170,341 | 166,794 | 750,262 | |
| Expenses | |||||
| Gross operating expenses | |||||
| Wages and salaries(a) | 2,605 | 7,771 | 7,626 | 30,450 | |
| Superannuation | 791 | 2,326 | 2,212 | 8,771 | |
| Depreciation and amortisation | 1,222 | 3,362 | 3,605 | 14,196 | |
| Supply of goods and services | 18,585 | 54,947 | 56,362 | 229,440 | |
| Other operating expenses(a) | 1,333 | 4,401 | 3,142 | 12,485 | |
| Total gross operating expenses | 24,537 | 72,806 | 72,947 | 295,342 | |
| Superannuation interest expense | 1,232 | 3,696 | 3,800 | 15,198 | |
| Interest expenses | 2,657 | 10,571 | 10,488 | 38,696 | |
| Current transfers | |||||
| Current grants | 15,871 | 54,230 | 53,810 | 223,378 | |
| Subsidy expenses | 1,744 | 5,098 | 5,184 | 21,352 | |
| Personal benefits | 14,101 | 44,558 | 44,269 | 169,410 | |
| Total current transfers | 31,716 | 103,886 | 103,263 | 414,140 | |
| Capital transfers | |||||
| Mutually agreed write-downs | 225 | 532 | 722 | 2,930 | |
| Other capital grants | 317 | 1,468 | 2,375 | 19,364 | |
| Total capital transfers | 542 | 2,000 | 3,096 | 22,294 | |
| Total expenses | 3 | 60,684 | 192,959 | 193,594 | 785,670 |
| Net operating balance | -10,718 | -22,618 | -26,800 | -35,408 | |
| Other economic flows | |||||
| - included in operating result | |||||
| Net write-downs of assets | -732 | -2,056 | -3,359 | -12,239 | |
| Assets recognised for the first time | 16 | 41 | 49 | 393 | |
| Actuarial revaluations | 10 | -1 | -9 | -1,060 | |
| Net foreign exchange gains | -92 | -101 | 0 | 183 | |
| Net swap interest received | 188 | 403 | -2 | -7 | |
| Market valuation of debt | 1,360 | 4,294 | -3,486 | -13,119 | |
| Other gains/(losses) | 2,793 | 7,616 | 2,401 | 9,860 | |
|
Total other economic flows - included in operating result |
3,543 | 10,197 | -4,405 | -15,989 | |
| Operating result(b) | -7,176 | -12,421 | -31,205 | -51,396 | |
| Non-owner movements in equity | |||||
| Revaluation of equity investments | 0 | 0 | 0 | 203 | |
| Actuarial revaluations | 0 | 0 | 0 | -228 | |
| Other economic revaluations | -482 | -205 | -2 | 145 | |
|
Total other economic flows - included in equity |
-482 | -205 | -2 | 120 | |
|
Comprehensive result - Total change in net worth |
-7,657 | -12,626 | -31,208 | -51,277 | |
| Net operating balance | -10,718 | -22,618 | -26,800 | -35,408 | |
| Net acquisition of non-financial assets | |||||
| Purchases of non-financial assets | 2,212 | 4,797 | 4,945 | 22,224 | |
| less Sales of non-financial assets | 3 | 11 | 1 | 117 | |
| less Depreciation | 1,222 | 3,362 | 3,605 | 14,196 | |
| plus Change in inventories | -137 | 66 | -493 | 859 | |
| plus Other movements in non-financial assets | 0 | 0 | 0 | 0 | |
| Total net acquisition of non-financial assets | 849 | 1,491 | 846 | 8,771 | |
| Fiscal balance (Net lending/borrowing)(c) | -11,568 | -24,109 | -27,646 | -44,178 |
|
ACTUAL as at 30 September 2025 $m |
BUDGET ESTIMATE* |
|
|---|---|---|
| Assets | ||
| Financial assets | ||
| Cash and deposits | 83,518 | 73,579 |
| Advances paid | 78,043 | 77,939 |
| Investments, loans and placements | 255,481 | 248,576 |
| Other receivables | 98,114 | 92,762 |
| Equity investments | ||
| Investments in other public sector entities | 47,453 | 57,342 |
| Equity accounted investments | 6,570 | 6,485 |
| Investments - shares | 117,449 | 121,108 |
| Total financial assets | 686,628 | 677,792 |
| Non-financial assets | ||
| Land | 15,865 | 14,756 |
| Buildings | 54,234 | 50,875 |
| Plant, equipment and infrastructure | 117,704 | 120,634 |
| Inventories | 13,260 | 12,691 |
| Intangibles | 14,029 | 16,212 |
| Investment properties | 269 | 221 |
| Biological assets | 5 | 5 |
| Heritage and cultural assets | 13,166 | 12,803 |
| Assets held for sale | -50 | 81 |
| Other non-financial assets | 7 | 6 |
| Total non-financial assets | 228,489 | 228,283 |
| Total assets | 915,117 | 906,074 |
| Liabilities | ||
| Interest bearing liabilities | ||
| Deposits held | 264 | 418 |
| Government securities | 916,267 | 968,449 |
| Loans | 33,336 | 33,885 |
| Lease liabilities | 19,193 | 17,689 |
| Total interest bearing liabilities | 969,060 | 1,020,440 |
| Provisions and payables | ||
| Superannuation liability(a) | 316,146 | 313,806 |
| Other employee liabilities | 95,475 | 60,538 |
| Suppliers payables | 13,078 | 15,127 |
| Personal benefits payables | 4,320 | 4,759 |
| Subsidies payables | 671 | 672 |
| Grants payables | 4,131 | 5,667 |
| Other payables | 9,385 | 5,866 |
| Provisions | 129,996 | 100,993 |
| Total provisions and payables | 573,202 | 507,430 |
| Total liabilities | 1,542,262 | 1,527,870 |
| Net worth(b) | -627,145 | -621,796 |
| Net financial worth(c) | -855,634 | -850,079 |
| Net financial liabilities(d) | 903,087 | 907,420 |
| Net debt(e) | 552,018 | 620,345 |
|
ACTUAL 2025-2026 September $m |
ACTUAL 2025-2026 YTD September $m |
Budget Profile 2025-2026 YTD September $m |
BUDGET ESTIMATE* 2025-2026 FULL YEAR $m |
|
|---|---|---|---|---|
| Cash receipts from operating activities | ||||
| Taxes received | 45,984 | 154,062 | 148,773 | 676,086 |
| Receipts from sales of goods and services | 1,040 | 5,561 | 5,399 | 21,921 |
| Interest receipts | 727 | 2,509 | 2,694 | 9,389 |
| Dividends, distributions and income tax equivalents | 867 | 1,888 | 1,772 | 7,416 |
| Other receipts | 1,415 | 5,091 | 4,860 | 20,286 |
| Total operating receipts | 50,034 | 169,111 | 163,498 | 735,098 |
| Cash payments for operating activities | ||||
| Payments for employees(b) | -3,898 | -12,944 | -12,705 | -48,917 |
| Payments for goods and services | -18,067 | -57,844 | -57,849 | -228,248 |
| Grants and subsidies paid | -18,699 | -61,765 | -62,532 | -266,344 |
| Interest paid | -2,491 | -3,165 | -2,803 | -27,885 |
| Personal benefit payments | -13,949 | -45,344 | -44,995 | -169,556 |
| Other payments(b) | -1,117 | -3,547 | -3,583 | -13,739 |
| Total operating payments | -58,222 | -184,608 | -184,466 | -754,689 |
| Net cash flows from operating activities | -8,188 | -15,497 | -20,968 | -19,590 |
| Cash flows from investments in non-financial assets | ||||
| Sales of non-financial assets | 19 | 170 | 131 | 254 |
| Purchases of non-financial assets | -1,508 | -5,451 | -5,289 | -20,040 |
| Net cash flows from investments in non-financial assets | -1,489 | -5,281 | -5,157 | -19,786 |
| Net cash flows from investments in financial assets for policy purposes | -383 | -1,788 | -3,195 | -23,076 |
| Net cash flows from investments in financial assets for liquidity purposes | -621 | -2,192 | -3,653 | -4,839 |
| Cash flows from financing activities | ||||
| Borrowing (net) | -1,004 | 29,665 | 34,258 | 72,773 |
| Other financing (net) | -143 | -263 | -554 | -4,911 |
| Net cash flows from financing activities | -1,147 | 29,402 | 33,704 | 67,863 |
| Net increase/(decrease) in cash held | -11,828 | 4,645 | 730 | 571 |
| GFS cash surplus(+)/deficit(-)(c) | -9,677 | -20,777 | -26,126 | -39,376 |
| plus Principal payments of lease liabilities(d) | -222 | -711 | -712 | -2,746 |
| Equals underlying cash balance(e) | -9,899 | -21,488 | -26,838 | -42,122 |
| plus Net cash flows from investments in financial assets for policy purposes | -383 | -1,788 | -3,195 | -23,076 |
| Equals headline cash balance | -10,282 | -23,275 | -30,033 | -65,198 |
|
ACTUAL 2025-2026 September $m |
ACTUAL 2025-2026 YTD September $m |
Budget Profile 2025-2026 YTD September $m |
BUDGET ESTIMATE* 2025-2026 FULL YEAR $m |
||
|---|---|---|---|---|---|
| Individuals and other withholding taxes | |||||
| Gross income tax withholding | 26,503 | 77,963 | 77,297 | 314,100 | |
| Gross other individuals | 3,782 | 19,308 | 17,567 | 84,500 | |
| less Refunds | 4,763 | 20,437 | 21,177 | 40,800 | |
| Total individuals and other withholding taxation | 25,522 | 76,833 | 73,687 | 357,800 | |
| Fringe benefits tax | 19 | 1,226 | 1,090 | 5,150 | |
| Company tax | 8,775 | 31,969 | 33,405 | 143,500 | |
| Superannuation fund taxes | 1,664 | 7,653 | 5,234 | 25,580 | |
| Petroleum resource rent tax | 36 | 819 | 695 | 1,980 | |
| Total income taxation revenue | 36,015 | 118,500 | 114,110 | 534,010 |
|
ACTUAL 2025-2026 September $m |
ACTUAL 2025-2026 YTD September $m |
Budget Profile 2025-2026 YTD September $m |
BUDGET ESTIMATE* 2025-2026 FULL YEAR $m |
||
|---|---|---|---|---|---|
| Goods and services tax | 5,584 | 23,411 | 23,458 | 99,300 | |
| Wine equalisation tax | 73 | 259 | 287 | 1,210 | |
| Luxury car tax | 92 | 299 | 325 | 1,210 | |
| Excise duty | 2,941 | 7,654 | 7,920 | 32,450 | |
| Customs duty | 404 | 2,920 | 4,251 | 11,350 | |
| Other indirect tax | 989 | 3,357 | 3,242 | 14,774 | |
| Total indirect taxation revenue | 10,082 | 37,901 | 39,484 | 160,294 |
|
ACTUAL 2025-2026 September $m |
ACTUAL 2025-2026 YTD September $m |
BUDGET ESTIMATE* 2025-2026 FULL YEAR $m |
|
|---|---|---|---|
| Expenses by function | |||
| General public services | 2,492 | 6,752 | 31,418 |
| Defence | 4,151 | 11,332 | 51,483 |
| Public order and safety | 855 | 2,538 | 9,145 |
| Education | 2,703 | 13,256 | 54,030 |
| Health | 9,796 | 31,649 | 124,803 |
| Social security and welfare | 24,284 | 75,956 | 290,966 |
| Housing and community amenities | 504 | 1,450 | 8,952 |
| Recreation and culture | 473 | 1,379 | 5,867 |
| Fuel and energy | 1,965 | 7,094 | 19,237 |
| Agriculture, forestry and fishing | 294 | 918 | 4,427 |
| Mining, manufacturing and construction | 436 | 1,264 | 5,522 |
| Transport and communication | 761 | 1,402 | 16,557 |
| Other economic affairs | 1,124 | 3,334 | 13,558 |
| Other purposes | |||
| Public debt interest | 2,146 | 6,422 | 28,429 |
| Nominal superannuation interest | 1,232 | 3,696 | 15,198 |
| General purpose inter-government transactions | 7,992 | 24,385 | 104,363 |
| Natural disaster relief | -525 | 130 | 874 |
| Contingency reserve | 0 | 0 | 842 |
| Total expenses | 60,684 | 192,959 | 785,670 |
The Department of Finance acknowledges the Traditional Owners and Custodians throughout Australia and their continuing connection to land, water and community.