More tax
Stronger tax collections have improved the federal budget bottom line.
Table with 4 columns and 4 rows.
March 2022-23 budget
Mid-year budget update
2023-24
Personal income tax
$289.0b
$289.0b
$289.0b
$328.8b
$328.8b
$328.8b
Company tax
$87.5b
$87.5b
$87.5b
$137.9b
$137.9b
$137.9b
2024-25
Personal income tax
$290.3b
$290.3b
$290.3b
$318.5b
$318.5b
$318.5b
Company tax
$103.0b
$103.0b
$103.0b
$133.6b
$133.6b
$133.6b
