A summary of the 2014 Australian budget.
884 views · Published 15 May 2014 · 1:04 · Indexed 27 October 2026
Channel: Behind the News · 2014 · Education
The Australian Government has billions to spend on the things Australia needs. Each year a budget outlines where that money will be spent. The budget is prepared by the treasurer who currently is Joe Hockey, this is his first budget. The aim of Mr Hockey's budget is to bring Australia back into surplus by cutting spending. For more information about what a surplus (and it's opposite, a deficit) is, see this BtN story: http://www.abc.net.au/btn/story/s4000821.htm You can read more details about where the money was spent in this story: http://www.abc.net.au/news/5433178
