Budget 2017

Debt scares some people. Debt is when you borrow money you don’t have. You use it to buy things you don’t have enough money for. But sooner or later you’ll need to pay it back.

Facts: Nearly every country’s in debt.

Australia is trying to get a surplus. A surplus is when money left over after paying for everything in the budget.

The difference between bad debts. and good dept. is bad debt. Doesn’t give back and good debt makes you money by using money

Questions: Why do we have debt?

Who and when was debt invented?

Understand: Debt is where people borrow money from the bank because they want to buy something but don’t have enough money to buy it then a sometime later you pay the bank back

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