date:May 28, 2014
The Coalition governments first Budget for 2014-15contained policy changes and expenditure cuts which affect the agricultural sector and this report will consider the extent of changes. Overall, a budget repair levy and welfare cuts were introduced to reduce the forecast deficit for the government from A$50 billion in 2013-14 (1.8% of GDP) to A$3 billion by 2017-18.Total federal government outlays will fall by 1.7% each year to 2017 in order to reduce the government deficit. Infrastructure spend