US Budget Explained

Discussion in 'Markets & Economies' started by goldpelican, Feb 1, 2012.

  1. goldpelican

    goldpelican Administrator Staff Member

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    [​IMG]

    Haven't checked the figures for accuracy.
     
    goldpelican, Feb 1, 2012
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  2. fishball

    fishball New Member Silver Stacker

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    Haha saw this on Facebook, awesome pic and so damn true.
     
    fishball, Feb 1, 2012
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  3. thatguy

    thatguy Active Member

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    [​IMG]
     
    thatguy, Feb 1, 2012
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  4. PrettyPrettyShinyShiny

    PrettyPrettyShinyShiny Well-Known Member

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    ..yeah.. if someone could confirm the figures, that would be tops. Anyone wanna do that for Aussie situation?
     
    PrettyPrettyShinyShiny, Feb 1, 2012
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  5. null

    null Member

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    null, Feb 1, 2012
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  6. Water&Food

    Water&Food New Member

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    Away from this hell bent place
    I am no expert and can't be arsed to spend more time than I have working out the Australian Budget, but here are basic numbers and linkys:

    • Australia Tax Revenue: $307.5 billion (~25% of $1.2 Trillion GDP)[/*]
    • Australia Budget: $51.5 billion[/*]
    • National Debt: $208.992 billion (or according to DebtClock.com.au is still under $145 Billion)[/*]
    • Australia Credit Card Debt: ~$50 Billion[/*]


    Sources:
    http://en.wikipedia.org/wiki/Economy_of_Australia
    http://en.wikipedia.org/wiki/Australia
    http://en.wikipedia.org/wiki/Australian_national_debt
    http://en.wikipedia.org/wiki/Australian_federal_budget
    http://www.budget.gov.au/2010-11/content/fbo/html/part_1.htm
    http://www.tradingeconomics.com/australia/tax-revenue-percent-of-gdp-wb-data.html
    http://www.debtclock.com.au/
     
    Water&Food, Feb 1, 2012
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  7. col0016

    col0016 Active Member

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    If those figures are right, how are we in debt?
     
    col0016, Feb 1, 2012
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  8. fishball

    fishball New Member Silver Stacker

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    That's the budget deficit so their budget is actually tax revenue + 50 odd billion.
     
    fishball, Feb 1, 2012
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  9. col0016

    col0016 Active Member

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    Ok, thanks for clarifying.
     
    col0016, Feb 1, 2012
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