Federal budget's tobacco excise addiction
For years the budget forecast for tobacco excise has overestimated the tax take.
Highest
forecast
Final
outcome/forecast outcome
Shortfall/forecast
shortfall
0
5B
10B
15B
$17.4B
$16.3B
$1.1B
$15.9B
$14.3B
$1.6B
$16.5B
$12.6B
$3.9B
$17.0B
$12.6B
$4.4B
$15.3B
$9.7B
$5.6B
$15.3B
$11.6B
$3.8B
$13.6B
$11.5B
$2.1B
$14.7B
$11.1B
$3.6B
$10.7B
2019-20
2020-21
2021-22
2022-23
2023-24
2024-25*
2025-26*
2026-27*
2027-28*