Mildly Interesting

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in Australia, when we pay taxes, we get a receipt. The receipt shows what our taxes were spent on (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

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I assume "Other purposes" is govt kickbacks to mining and gas companies 😬

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[–] [email protected] 10 points 1 year ago (2 children)

Nice to see our debt is being reduced. Meanwhile, the US is struggling to figure out how not to let their economy implode.

[–] [email protected] 7 points 1 year ago* (last edited 1 year ago) (1 children)

Un~~fortunately paying the interest on your debt is not the same as paying down the actual (principle) debt. Unless there's something I'm not seeing.~~

Edit: There was in fact something I wasn't seeing.

[–] [email protected] 5 points 1 year ago (1 children)

See “gross debt this year” and “last year”. We had surplus so it has been put toward paying down the principle

[–] [email protected] 4 points 1 year ago

Derp, I just looked at bar chart breakdown, didn't see that.

[–] [email protected] 5 points 1 year ago

They got is sorted mate. They printing more money.