Details of the annual carve-up of the goods and services tax among the states and territories show the price tag of a deal put in place by the Morrison government is now on track to surpass $25 billion.
The cost of a deal aimed at protecting Western Australia’s share of the GST is growing faster than the National Disability Insurance Scheme, the interest bill on government debt and defence spending after blowing out another $600 million in less than six months.
Throughout the 2010s, WA’s share of GST collapsed due to the surge in the state’s iron ore royalties. In 2014 it reached an all-time low of 30 cents for every dollar raised within the state. The plan was originally forecast to cost federal taxpayers $2.3 billion over three years, including just $293 million in 2021-22, but the surge in iron ore prices has meant larger top-ups for longer.
The 10-fold increase in the cost of the program now dwarfs increase in costs for programs including the NDIS, aged care, health or defence.
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