1. Australia's Economic Objectives - 2016-2017
The Government aims for a gradual reduction in Budget deficits, projecting Budget surplus by 2020/21. ... The first measure is direct Government spending, with a major focus on investment in infrastructure. ... Long-term, the Government estimates a 1% increase in GDP as a direct result of these tax cuts. ... Furthermore, increasing tax revenue is part of the Government's plan to reach surplus by 2020-21. ... While this is much lower than other advanced economies, such as Japan, USA and UK, Australia significantly relies on foreign direct investment. ...
- Word Count: 1386
- Approx Pages: 6
- Grade Level: Undergraduate