Sorry, I'm neither a politician nor an economist. Usually the word "spent" is in the past tense, so I assumed that it referred to funds actually spent. Agree that budgets are forward looking, but normally funds are allocated for future spending.
Excerpt from your article link:
"Between 2000 and 2008, the Howard government on average spent 24.1 per cent of Australia's GDP."
costello exposes waynes spin , page-18
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