this post was submitted on 21 Jul 2023

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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 Agent641@lemmy.world to c/mildlyinteresting@lemmy.world

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

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[–] cubicle0924@lemm.ee 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.

[–] Fluid@aussie.zone 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

[–] cubicle0924@lemm.ee 4 points 1 year ago

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