324611ff_ual_Report_2011_2012__Glossary__Meaning
[Term] Budget [Meaning] 
The Australian Government Budget sets out the fiscal and economic outlook for Australia, and includes expenditure and revenue estimates for the current financial year, the budget year, and three forward financial years. It identifies the government's social and political priorities and how they will be achieved. The budget is usually announced in May each year.
Annual Report 2011-2012: Glossary
Meaning