Budgetary Policies

[Sapfire54]

Just wondering what are some good AD and AS related budgetary policies that will be relevant this year?

Most of the ones from past exam solutions are somewhat outdated now

Thanks

[ffs1234]

might be a bit late, but hope this helps.

AS budgetary supply policies -
- decrease in the company tax rate to 27.5% earlier this year from July 1st as part of the '10 year enterprise tax plan'.
- increase in infrastructure spending. Aproximately 5 billion dollars have been allocated towards the construction of victorian roads, an airport in western sydney, highways and the brisbane to melbourne railway network (known as the inland railway).

AD budgetary policies

- tax excise on tobacco, with four annual rises of 12.5 percent each year
- increase in the middle income tax bracket from 80,000 to 87,000. (top 25% of people are to benefit)

[Sapfire54]

Thanks !