The 2015-16 Federal Budget was handed down on Tuesday night, with Treasurer Joe Hockey declaring it aimed to turbocharge the economy and get more Australians into work. However, the Budget could hit students in the hip-pocket.

GST on Netflix, reduced internet privacy and forcing students with HECS/HELP debts to repay their loans whilst overseas were included in the nation’s financial blueprint.

A $1 billion cut to foreign aid has student activists and World Vision CEO, Tim Costello in uproar.

“The Abbott-Hockey Government has destroyed our aid program to Africa,” he said.

The plan to deregulate university fees remains largely unchanged since its proposal last year.

The Budget presented a $330 million package to reduce youth unemployment and raised the eligibility age for NewStart Allowance from 22 to 25.