The Australian federal budget is a document that demonstrates the Australian government's planned financial performance, and the framework it intends to conduct its operations in the following financial year. Revenue allocated in the budget is raised through the Australian taxation system, with government spending representing a sizeable proportion of the overall economy.
Read more about Australian Federal Budget: Process, Charter of Budget Honesty Act, Budget Night, Budgetary Policy Developments
Famous quotes containing the words australian, federal and/or budget:
“Beyond the horizon, or even the knowledge, of the cities along the coast, a great, creative impulse is at work—the only thing, after all, that gives this continent meaning and a guarantee of the future. Every Australian ought to climb up here, once in a way, and glimpse the various, manifold life of which he is a part.”
—Vance Palmer (1885–1959)
“Goodbye, boys; I’m under arrest. I may have to go to jail. I may not see you for a long time. Keep up the fight! Don’t surrender! Pay no attention to the injunction machine at Parkersburg. The Federal judge is a scab anyhow. While you starve he plays golf. While you serve humanity, he serves injunctions for the money powers.”
—Mother Jones (1830–1930)
“A budget takes the fun out of money.”
—Mason Cooley (b. 1927)