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Essay / Research Paper Abstract
This 9 page paper looks at the fiscal policies that have been adopted by the Australian government in the tax year 2009/10 in order to assess the way that they are trying to prevent unemployment for skyrocketing and support the economy during a global recession. The policies and actions are considered and the examined in the context of economic theory. The bibliography cites 10 sources.
Page Count:
9 pages (~225 words per page)
File: TS14_TEausfiscal.rtf
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Unformatted sample text from the term paper:
that they have sufficient funds. There has been a great deal of criticism regarding the amount government shave spent and the amount of debt this has caused, so it maybe
argued that within this climate it may take a very brave government to undertake fiscal policy that sees increasing levels of expenditure. When looking at the policies
of the Australian government there is a very clear pilcy in terms of fiscal policy. It may also be argued that although it can be a costly policy, it is
one that has been undertaken in response to the global climate and is aiming to protect and stimulate the Australian economy and try and prevent, or at least counteract, many
of the negative forced that are present within the global economy. Fiscal policy is the way that the government chooses to spend the income on goods and services in order
to have an impact on the macro environment and how these expenditures will be financed. There can also be fiscal policy at different levels. Looking at the 2009/10
budget the actions can be seen, if we look at the action we can then consider the underlying theory to appreciate why at as time of recession a government is
choosing to increase spending, with specific attention to certain areas. The budget included a total of $22 billion to be spent on areas of infrastructure and investment. This was made
up of $3.4 billion the budget for spending on rail for the year is $4.6 billion, in clean energy is was $3.5 billion, $3.2 billion is to be spent on
hospitals, $4.7 billion on broadband and $2.6 billion on universities (Small Stocks, 2009). These may be argued as all being areas of the economy that will benefit greatly from
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