Buy custom Role Of Government In Mixed Economies Such As Australia
Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1734 |
Essay's paper body
Current
fiscal policies are aimed at the medium and long-term goals of resource
allocation, income distribution and external balance. This is because fiscal
policy is relatively inflexible and is adjusted on an annual basis.
One of the government's objectives in using fiscal policy is to reduce the
Public Sector Borrowing Requirement (PSBR)...
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To do this the government has had a
$3.9bn cut in discretionary spending during the 96/97 budget. This cut may be
the first of several in a bid to achieve a budget surplus. One reason behind
this goal is to maintain external stability. For the past decade (except for the
late 80's boom) the public debt has been on a continual rise...
Essay fragment
General points of the essay
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Role Of Government In Mixed Economies Such As Australia
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