The federal budget in simple language

By Colin Brinsden, Aap Economics Correspondent
May 8 2018 - 8:26am
The federal budget will be handed down in Canberra on Tuesday.
The federal budget will be handed down in Canberra on Tuesday.

AN ARMCHAIR GUIDE TO BUDGET TERMINOLOGY:

BUDGET: Like a household budget, it estimates government income and spending. Income is generated through taxes and investments. Spending is on things like welfare, schools, roads, health and defence.

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