Identify the 2nd and 3rd largest recipients of allocation in the 2021/22 budget?
Question: Identify the 2nd and 3rd largest recipients of allocation in the 2021/22 budget?
The 2021/22 budget is a document that outlines the government's spending and revenue plans for the fiscal year. It shows how much money the government expects to receive from various sources, such as taxes, fees, and grants, and how much it intends to spend on different programs and services, such as health, education, and defense. One way to analyze the budget is to look at the allocation of funds among different sectors or categories. For example, we can identify the 2nd and 3rd largest recipients of allocation in the 2021/22 budget by comparing the amounts assigned to each sector. According to the budget summary, the 2nd largest recipient of allocation is the social services sector, which includes welfare, pensions, and disability support. The social services sector will receive $123.4 billion, or 25.6% of the total budget. The 3rd largest recipient of allocation is the education sector, which includes schools, universities, and vocational training. The education sector will receive $87.9 billion, or 18.2% of the total budget. These two sectors together account for almost half of the government's spending in the 2021/22 budget.
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