“Joe Hockey’s ‘contribute and build’ budget can also be labelled the ‘no pain, no gain’ budget”, says Emma Griffiths, political correspondent for the ABC.
In this video, Griffiths explains the proposed measures that will tighten the belt of most Australians, especially the unemployed young people, the sick, poor, aged and disabled pensioners.
If you’re having trouble understanding some of the budget lingo, you can check out our Jargon Buster – Federal Budget edition.