Budget

Budget 2014-15

The Australian Government announced the 2014-15 Budget on Tuesday 13 May 2014.

For full details, see Budget 2014-15.

Budget 2013-14

The Australian Government announced the 2013–14 Budget on Tuesday 14 May 2013.

For full details, see Budget 2013-14.

Budget 2012-13

The Australian Government announced the 2012–13 Budget on Tuesday 8 May 2012.

For full details, see the Budget 2012-13.

Please see our notice on accessibility assistance if you have difficulties accessing the Portfolio Budget Statements.

About Portfolio Budget Statements

The purpose of the 2013–14 Portfolio Budget Statements (PBS) is to inform Senators and Members of Parliament of the proposed allocation of resources to Government outcomes by agencies within the portfolio. Agencies receive resources from the annual appropriations acts, special appropriations (including standing appropriations and special accounts), and revenue from other sources.

A key role of the PBS is to facilitate the understanding of proposed annual appropriations in Appropriation Bills No. 1 and No. 2 2012-13 (or Appropriation Bill [Parliamentary Departments] No. 1 2012-13 for the parliamentary departments). In this sense the PB Statements are Budget related papers and are declared by the Appropriation Acts to be 'relevant documents' to the interpretation of the Acts according to section 15AB of the Acts Interpretation Act 1901.

The PBS provides information, explanation and justification to enable Parliament to understand the purpose of each outcome proposed in the Bills.

As required under section 12 of the Charter of Budget Honesty Act 1998, non-general government sector entities are not consolidated into the Commonwealth general government sector fiscal estimates and accordingly, these entities are not reported in the PBS.

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