Hi guys, here are some examples that I managed to pull out from previous budgets.
Budgetary Policy and economic goals
Examples of recent budgetary measures that may assist in reducing demand driven and cost driven inflation:
- Indexation of many payments and programs will be paused temporarily, including: Eligibility thresholds for Family Tax Benefits and Newstart (from Budget 2014/15)
- Creating an $11.6 Billion 'Infrastructure Growth Package' to boost total infrastructure investment by Commonwealth, State and local governments, as well as the private sector, to over $125 billion by 2019-20 (from Budget 2014/15)
Examples of budgetary measures that may increase economic growth and achieve full employment:
- Creating an $11.6 Billion 'Infrastructure Growth Package' to boost total infrastructure investment by Commonwealth, State and local governments, as well as the private sector, to over $125 billion by 2019-20 (from Budget 2014/15). This one can work for inflation and Eco. growth and full employment
- The government remains committed to cutting the company tax rate by 1.5% from 1st of July 2015 (from 2014/15 budget)
Specific budgetary policy measures to improve external stability over the past few year:
- A $200 million boost to the Export Finance and Insurance Corporation's capital base, and a $50 million boost to the Export Market Development Grants program will help more small and medium-size businesses to access export market (from 2014/15 budget)
- Raising the Superannuation Guarantee from 9% to 12% from 1/7/13-1/7/19 (from 2013/14 budget)
Specific budgetary policy initiatives over the past few years for a more equitable distribution of income:
- Introducing a Temporary Budget Repair Levy on incomes over $180,000 for three years from 2014-15. (from 2014/15 budget)
- Investment in DisabilityCare Australia of $14.9 billion over seven years. (from 2013/14 budget)