Economics QS! Pls help!! (1 Viewer)

[LaLaLa3]

what factors may affect the level of governement revenue in 2007/08?
Governemnt revenue includes:
- Total individuals and other withholding tax: $119 560 m
- Companies tax: $64 580 m
- Total indirect tax: $28 920 m
- Non-taxation revenue: $15 691 m
- Super Tax: $8300 m
- Other taxes: $3629 m

what factors may/ have affect the level and areas of governemnt expenditure?
areas are:
- Social security and welfare: $96 450 m
- Health: $42 964 m
- Other spending: $42 776 m
- Defence: $19 880 m
- Education: $17 752 m
- General public services: $15 768 m

Any help would be greatly appreciated !!!

 

[LordPc]

well if the governments mess with the tax brackets next year, which i am pretty sure they are doing for 07/08, that will affect revenue, which usually means they get more money. check out the ato site better info on that

 

[cccclaire]

Factors that would effect their revenue would be things like economic activity (if economy is performing well they get more company tax and other tax) and unemployment (if u/e low, they get more income tax). There's probably more but I can't think of any.

The main factor effecting their expenditure is public opinion, because the 07/08 budget is an election budget. Their main areas of spending this year are ...
families (with childcare subsidies etc)
education (universities removing caps on full-fee paying students, higher education endowment fund, summer schools to further train teachers etc.)
seniors (utilites payment of $500 and changes to supperannuation)
tax-cuts.
families, education, seniors and tax-cuts are all areas which the population will appreciate, and in the government's eyes might cause them to re-ellect the liberal government.

hope that helps a bit.