Good morning Class Today I would like to talk about the federal budget that was announced this Tuesday. This is when the government will outline exactly how its going to spend the country's money in education and defence and health and so on. It will also say where the money is coming from. Every year the australian government plans how it will invest and prioritise money over the next 4 years.
On the positive side, $9.8 billion will be invested in uplifting schools across Australia. Schools will benefit by having smaller class sizes, bringing specialist teachers in literacy and numeracy, training and support for teachers and so on. The government has also announced strong support for the National Disability Insurance Scheme to help people with disabilities and their carers. It will make sure that these people get the equipment and support they need every day. There is also lots of funding to upgrade infrastrure like roads, railways etc in the budget.
But there is a huge problem as there is not enough money available to make all this happen. In the past couple of years the government did not enough from the businesses as it thought it would. To fix this the government will borrow money, cut spending in some areas like baby bonus and make people pay more tax by increasing medicare levy and so on.
Some of these decisions were pretty unpopular with the aussies and it remains to be seen whether the labor party will win the next election later this year.
Thank you for listening to me.
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