"How does the Government handle a financial crisis, if there is a process?"

The main way the Australian Government prepares for, manages and responds to financial matters is through its Budget.

The Budget is the annual statement of how the government plans to collect and spend money. It consists of many financial documents which are prepared and presented to the Australian Parliament by the Treasurer.

The Treasurer works with other ministers to develop spending policies for each government department. CabinetPrime Minister and ministers—approve the Budget before it is introduced into the Parliament.

Discover more about the Budget process with this fact sheet.

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