fiscal policy
Table of Content
Executive Summary …………………………………………………………………..2
Introduction……………………………………………………………………………3
Features of Commonwealth Government’s Budget …………………………………..3
Government Rationale ………………………………………………………………..4
Evaluation ……………………………………………………………………………..5
Suggestion ……………………………………………………………………….........6
Conclusion……………………………………………………………………………..6
Reference………………………………………………………………………………7
Executive summary
This reports outlines the main feature of Commonwealth Budget. The Budget is theoretically reasonable on a national level, where Government has achieved its objective of starting the process of putting Australia back on the path of a sustainable budget. This should give business the confidence it needs to invest and innovate. But the function of fiscal policy is reduced for current Australian economy, because the world economies are more integrated than before, so the government should take another direction to recover the economy of Australian. Such as import and Export.
(Words count: 948)
Introduction
For more than a decade now, many Western countries are suffered from high rates of unemployment as well as from considerable Federal budget deficits. Comparatively, Australian has managed its economy better during these years, especially in global financial crisis. However, recently years there is a wide spread consensus among economists that fiscal policy is not useful and it just as people disagree about the politics of fiscal policy. This report will outline the main features of Commonwealth Government’s most recent budget and explain the government’s rationale for its approach in these budget, and also give an evaluation for the rationale and therefore of budget itself, providing some additional directions that the government might overlook.
Features of Commonwealth Government’s budgets
“The 2014-15 Budget takes a significant step in transforming the role
Executive Summary …………………………………………………………………..2
Introduction……………………………………………………………………………3
Features of Commonwealth Government’s Budget …………………………………..3
Government Rationale ………………………………………………………………..4
Evaluation ……………………………………………………………………………..5
Suggestion ……………………………………………………………………….........6
Conclusion……………………………………………………………………………..6
Reference………………………………………………………………………………7
Executive summary
This reports outlines the main feature of Commonwealth Budget. The Budget is theoretically reasonable on a national level, where Government has achieved its objective of starting the process of putting Australia back on the path of a sustainable budget. This should give business the confidence it needs to invest and innovate. But the function of fiscal policy is reduced for current Australian economy, because the world economies are more integrated than before, so the government should take another direction to recover the economy of Australian. Such as import and Export.
(Words count: 948)
Introduction
For more than a decade now, many Western countries are suffered from high rates of unemployment as well as from considerable Federal budget deficits. Comparatively, Australian has managed its economy better during these years, especially in global financial crisis. However, recently years there is a wide spread consensus among economists that fiscal policy is not useful and it just as people disagree about the politics of fiscal policy. This report will outline the main features of Commonwealth Government’s most recent budget and explain the government’s rationale for its approach in these budget, and also give an evaluation for the rationale and therefore of budget itself, providing some additional directions that the government might overlook.
Features of Commonwealth Government’s budgets
“The 2014-15 Budget takes a significant step in transforming the role