Fiscal Policy: Government Expenditures and Revenues, Budget, National Debt SLP - Admission/Application Essay Example

Fiscal Policy: Government Expenditures and Revenues, Budget, National Debt SLP Task: Jollibee Foods Corporation is an entityin the expansive cuisine sector. In its endeavour to attain global presence, the entity has entered new lucrative economies. This multinational entity faces multiple hitches in executing its operation. The challenges emerge due to the disparity in the fiscal policies of nations in which it has subsidiaries. Changes in the respective economic policies would boost the fortunes of this entity.

The American economy’s performance is unpredictable following a lengthy recession (Shalal-Esa, 2009). However, the Federal government has instituted apposite measures that have culminated in significant progress. Consequently, Jollibee Foods Corporation proposes that federal authorities should institute measures to lower import tax. Reduction in this taxation would have a sizeable impact on this entity since it imports a considerable proportion of its supplies. The recession has further increased the cost of the entity since it has to spend additional funds due to the diminishing value of the US dollar.

Reduction in import tax will provide relief to an entity reeling from devaluation of the currency. Additionally, the federal authorities should attempt to address the worth of the currency. Increase in the dollar’s worth will reduce Jollibee Foods Corporation’s expense incurred during importation of suppliers. This is a vital aspect of this organization, which largely prepares Philippine cuisine (Shalal-Esa, 2009). Despite the above proposals, Jollibee Foods Corporation seeks enactment of prudent economic measures, which will not only suit certain entities but also the economy in its entirety.

However, it will require the federal authorities to appraise all proposed policies by lobbyist seeking to represent interests of differing entities. Currently, lobbying has a significant impact on the national economic policies. Notably, lobbying has both cons and undoing. Therefore, it is critical to evaluate the extent that lobbyist can manipulate both fiscal and monetary measures. First, it is vital to identify what motivate lobbyist to seek alteration of the above policies. Lobbyists stand for certain organizations.

However, these organizations are predominantly extensive entities with multi-billion investments in the economy (Shalal-Esa, 2009). Consequently, the organization will seek to have some impact on such policies that may have sizeable implications on their fortunes and future prospect. Conversely, enactment of federal policies is in the faith of benefiting the entire citizenry, not a few entities. Therefore, the lobbyist breaches the above obligation since they endeavour to ensure that alterations of fiscal plus monetary regulation favours the corporation that fund remunerate them.

Institution of demands forwarded by lobbyist should be subject to extensive appraisal. The above appraisal should ensure that the proposed policies guard the welfare of the entire citizenry, rather than that of specific organizations. Notably, lobbyists make a positive contribution to federal policies since they represent organizations. Consequently, they have sufficient knowledge of the impacts of federal measures on organizations (Shalal-Esa, 2009). It is subsequently essential to integrate their proposals to legislation passed in the legislature.

Certainly, lobbyists have noteworthy influence on policy matters. However, it is imperative to limit the degree of their persuasion since they only represent interests of limited bodies. Lobbyists should have additional influence on matters, which relate to corporations. Nonetheless, it is critical federal authorities and legislative representative prioritize citizenry’s interest. ReferencesShalal-Esa, A. (2009). FACTBOX-How many lobbyists are there in Washington? Retrieved November 13, 2011 from http://www.reuters.com/article/2009/09/13/obama-lobbying-idUSN1348032520090913