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)
“I am willing to pledge myself that if the time should ever come that the voluntary agencies of the country together with the local and state governments are unable to find resources with which to prevent hunger and suffering ... I will ask the aid of every resource of the Federal Government.... I have the faith in the American people that such a day will not come.”
—Herbert Hoover (1874–1964)
“We might come closer to balancing the Budget if all of us lived closer to the Commandments and the Golden Rule.”
—Ronald Reagan (b. 1911)