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:
“The Australian mind, I can state with authority, is easily boggled.”
—Charles Osborne (b. 1927)
“The proposed Constitution ... is, in strictness, neither a national nor a federal constitution; but a composition of both.”
—James Madison (1751–1836)
“A budget takes the fun out of money.”
—Mason Cooley (b. 1927)