We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Features Of Australian Federal Budget 2011 - Essay Example

Comments (0) Cite this document
Summary
The Australian Federal Budget 2011-2012 is a comprehensive budget that intends to create potential opportunities for a greater number of Australians. The paper "Features Of Australian Federal Budget 2011" critically analyzes it in the context of inflation and unemployment…
Download full paper
GRAB THE BEST PAPER
Features Of Australian Federal Budget 2011
Read TextPreview

Extract of sample
Features Of Australian Federal Budget 2011

Download file to see previous pages... ies said that the inflationary pressure would further increase according to the profile of the budget and an anticipated fall in the unemployment rate. The HSBC chief economist Paul Bloxham believes that the budget may have an adverse influence on the risk elements around the inflation outlook. He argues that the government’s increased spending on skills training and encouragement on skilled immigration may not help ease inflation. The impact of Federal Budget on unemployment The terms of the Australian Federal Budget 2011 indicates that the budget can significantly reduce the unemployment rate. The budget forecasts that the country’s real GDP growth would increase by 4 percent in 2011-12 whereas the exports in 2011-12 would rise by 6.5 percent; in addition, the budget expects that unemployment rate would fall from 5 to 4.5 per cent during the next two years (‘Australian high commission media release- 12’, 2011). Presently, some of the households have not a breadwinner. Although, the Australian economy is badly in need of employees, unwilling and unskilled workers become a great threat to the country. However, the economy has created over 3000,000 jobs over the past year and hence it is estimated that the unemployment rate can be further reduced in 2013 by creating more job opportunities. The budget has set aside over $3 billion over six years as part of its “Building Australia’s Future Workforce” policy. This policy focuses on “developing stronger relations between industry and training organizations, modernizing apprenticeship programs, and reforming the national training system” (‘Employment & income support’, 2011,). The budget has provisioned for a $674 billion for productive strategies including employment outcomes. In addition, there is a...
The budget forecasts that the country’s real GDP growth would increase by 4 percent in 2011-12 whereas the exports in 2011-12 would rise by 6.5 percent; in addition, the budget expects that unemployment rate would fall from 5 to 4.5 percent during the next two years. Presently, some of the households have not a breadwinner. Although, the Australian economy is badly in need of employees, unwilling and unskilled workers become a great threat to the country. However, the economy has created over 3000,000 jobs over the past year and hence it is estimated that the unemployment rate can be further reduced in 2013 by creating more job opportunities. The budget has set aside over $3 billion over six years as part of its “Building Australia’s Future Workforce” policy. This policy focuses on “developing stronger relations between industry and training organizations, modernizing apprenticeship programs, and reforming the national training system”. The budget has provisioned for a $674 billion for productive strategies including employment outcomes. In addition, there is a $526.6 million provision in the Federal Budget for some other purposes which include the creation of employment opportunities for Indigenous Australians. Additionally, the government has designed a $8.5 million package over the next four years; one of the main objectives of this package is to improve the operational effectiveness of Job Services Australia and Disability Employment Services. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Features Of Australian Federal Budget 2011 Essay”, n.d.)
Retrieved de https://studentshare.org/macro-microeconomics/1391153-case-study
(Features Of Australian Federal Budget 2011 Essay)
https://studentshare.org/macro-microeconomics/1391153-case-study.
“Features Of Australian Federal Budget 2011 Essay”, n.d. https://studentshare.org/macro-microeconomics/1391153-case-study.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
THE FEDERAL BUDGET PROCESS
The paper describes federal budget as the enacted budget, which is because of laws put in place to govern the assortment and utilization of funds. The enacted budget also encompasses the laws affecting expenditure and taxing in a given fiscal year that is voted for by Congress. The aim of the paper is to assess how the federal budget process is affecting social security, the deficit, and the budget cuts.
16 Pages(4000 words)Research Paper
Implementation and Analysis of The Fiscal Cliff contained in the U.S. Budget Control Act of 2011
There are two components in the Budget Control Act 2011that are designed to initiate “a sequestration of discretionary and/or mandatory (or direct) spending” (Saturno & Heniff, 2009, p. 17-5). Tax Component of the Act – allowing Bush tax cuts to expire George W.
4 Pages(1000 words)Essay
Federal Budget Deficit
It is imperative that the government’s deficit is mainly financed by borrowing from the public through selling of bonds. In addition it can b financed by borrowing from the central bank. There are diverse budgetary deficits, which include revenue, budgetary, fiscal, primary and monetized deficits (The Moment of Truth, 7).
5 Pages(1250 words)Essay
The federal budget deficit
‘The public debt, which is sometimes called the federal or the national debt, is the total amount the federal government owes its creditors.’ (Arnold, 2008) The reduction strategy for budget deficit involves decreasing the public expenditure or increasing taxes or a combination of both.
4 Pages(1000 words)Research Paper
Appropriation of The Department of Defense From The Federal Budget
The similarities and differences of the national budgets and national defense spending will be discussed in a broader context considering US defense agenda. The concept of defense economics will be discussed and I will also analyze how these concepts could be used for efficiently allocating and planning resources which are under the Department of Defense and Defense authorities.
8 Pages(2000 words)Essay
Current Australian Federal Election Campaign
aile. No doubt, Australian group of people newspapers are unlike their every day complements in that they do not selectively issue letters to the editor, but characteristically turn out everything they take delivery of. The small numbers of exceptions are owing to illegibility or rudeness.
7 Pages(1750 words)Essay
Australian Federal Elections
If the party box is marked -- a so-called above the line vote -- all the candidates on the ballot are automatically ranked in the order preferred by the party. The proportional representation ensures that only a candidate with the support of an absolute majority of the electorate can win, eliminating the possibility of minority winners.
4 Pages(1000 words)Essay
Budget
of budget has pointed out that 80% of companies are displeased with the planning and budgeting processes, and they consume almost 20% of all the management time. Attempts to re-engineer the processes were not successful either (Neely, Bourne, & Adams, 2003). This has led to an
4 Pages(1000 words)Essay
Budget
The congress must approve the earmarked funds before their transfer to the selected project. For a long time, there has been an ensuing criticism surrounding hard earmarks. Therefore, members of
2 Pages(500 words)Essay
ANALYSIS OF THE OFFICE OF MANAGEMENT AND BUDGET, OFFICE OF FEDERAL PROCUREMENT POLICY PROPOSED POLICY FOR IN SOURCING WORK RESERVED FOR PERFORMANCE BY FEDERAL GOVERNMENT EMPLOYEES
On 4 August, 1983 the Office of Management and Budget (OMB) released Circular A-76 to address the fact that, “In the process of governing, the Government should not compete with its citizens” (Office of Management and Budget, 1983). This circular has been updated
21 Pages(5250 words)Essay
Let us find you another Essay on topic Features Of Australian Federal Budget 2011 for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us