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The Federal Budget

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Essay describing the effects of the federal budget and the different areas that tax payers money is going to.

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The Federal Budget
Topics this document covers:
United States federal budget Tax cut Unemployment Gillard Government Australian federal budget Deficit reduction in the United States
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Topics this document covers:
United States federal budget Tax cut Unemployment Gillard Government Australian federal budget Deficit reduction in the United States
Sample Text:
The Commonwealth Budget is an official document presented in May each year, that sets out the governments revenue and expenditure plans for the coming year. By varying its internal expenditure and revenue the government can influence the overall level of economic activity and have significant influence on the level of inflation and unemployment. This year’s budget continues to use the fiscal policy which is a macroeconomic policy that can influence resource allocation, redistribute income and reduce the fluctuations of the business cycle. To avoid the yo-yo effect of Boom-Bust the government intervenes in the economy and applies macroeconomic policies to try and minimise the severity of cyclical fluctuations in the economy, thus these macroeconomic policies are...
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