Foregone revenue counter
Running total since 1 July 2022
$0
$577
Per Second
$34,614
Per Minute
$2,076,823
Per Hour
What the numbers mean
Research basis
$63.8
billion
Foregone revenue calculated by The Australia Institute from July 2022 to December 2025 — had a 25% gas export tax been in place, equivalent to Norway's framework.
What it could fund
Free
childcare & university
The Australia Institute analysis shows this single policy could have funded free childcare and free university education for all Australians over the same period.
Annual rate
$18.2
billion / year
At the current per-second rate, foregone revenue runs at approximately $18.2 billion per year — more than Australia spends on higher education.
Daily rate
$49.8
million / day
Nearly $50 million every single day, seven days a week, flowing to multinational LNG exporters without a resource royalty equivalent to Norway's.