Economics Assessment! I don't understand! (1 Viewer)

[hyperbole]

Hello.

Could someone please explain to me what I should be writing about. I kinda understand but would rather be sure.

Basically I need to conduct research on this year's budget and should consider:

1. The Budget Outcomes
- Do I write about all the things that were introduced and whether a budget deficit, surplus or balance occured?
2. The Budget Stance
- I have no idea what thsi means...is it referring to fiscal and monetray policies?
3. The Budget Components
- Do I only write about expenditure and revenue, and where they came from?

All assistance will be very very very much appreciated.

Thank You!!

 

[hanjoc]

Hello.

Could someone please explain to me what I should be writing about. I kinda understand but would rather be sure.

Basically I need to conduct research on this year's budget and should consider:

1. The Budget Outcomes
- Do I write about all the things that were introduced and whether a budget deficit, surplus or balance occured?
2. The Budget Stance
- I have no idea what thsi means...is it referring to fiscal and monetray policies?
3. The Budget Components
- Do I only write about expenditure and revenue, and where they came from?

All assistance will be very very very much appreciated.

Thank You!!

budget...ok
1. i'd talk about just in general what it did, ie family budget with increased spending and tax bracket cuts etc. just what it did in general
and then that it was a surplus budget.
2. for its stance, its moderately expansionary although economic growth is steady in aust which brings in the problems of fiscal policy ie its political goals rather then economic. u could probably bring in here if u wanted to the fact that fiscal is supposed to compliment monetary, except its not for this year. FP is expansionary, MP is tightening so their not working together to achieve the overall policy mix aim of reducing the height of the booms and depths of recessions (business cycle). in this FP is 'pro-cyclical' - will inject more money in the economy increasing the boom ... also leads to inflationary pressures
3. budget components? i dont know for this one because i'd put everything u said here in number 1. but i dunno. thats most likely what u do but i won't bother repeating myself

hope thats of some help though...not sure if it makes sense but hopefully it does

 

[nick1048]

OMG I MUST START THIS ASSIGNMENT *dies*