Around $8.52 of this $50 is spent on health, $3.47 on education and $3.07 on defence.
Some of the Budget’s $623 billion worth of expenses converted to equivalent amounts if total expenses were $50. Source: SBS News
Natural disaster relief cost the government 47 cents in a year that saw and other parts of NSW, as well as areas in Queensland. Western Australian roads and highways were also washed away by .
“It is too early for us to put a very precise price tag on the flooding that we’re seeing through such large swathes of Australia but we do know that there will be consequences for the economy and for the budget,” Mr Chalmers told reporters on Friday.
But Mr Chalmers said cuts would also be necessary due to a large amount of debt.