What difference does $74 billion really mean for Australians?

According to the latest government data, Australian mining paid $74 billion in taxes and royalties in one year

That includes 30% of all company tax paid in Australia, more than any other industry.

This contribution helps fund the services Australians rely on every day. It’s enough to fund Medicare, so people can see a GP, visit a specialist or get a scan without paying the full cost on their own.

For more about the ways mining makes a difference to Australia, please go to thatsmining.com.au

More than any other industry. Enough to fund Medicare.

Source: Treasury, Budget 2023-24, Budget Paper No. 1: Budget Strategy and Outlook, Table 6.8: Summary of expenses – health, released 30 September 2024. Statement 6: Expenses and Net Capital Investment, page 210.