Impact of the federal budget on the Australian economy

To succeed you must;

a) give a definition of the federal budget

The federal budget is delivered in may of each year by the house of representatives and is delivered in two parts: government income/receipts (what the government earns) and government expenditure/outlays (what the government spends). The correct title to the budget is the ‘Appropriation Bill 2006/07,' it is commonly referred to as the supply bill.
The summary of the Appropriation Bill takes approximately 30 minutes to read, however the actual budget is very extensive and consists of many thousands of pages.
The Federal Budget is basically an estimate of the federal governments income and expenditure for a one year period. E.g. 2006/07.

Federal government income/receipts are mainly come from personal income tax, company tax, sales tax, excise duty, customs duty, fringe benefits tax and capital gains tax.

b) list fiscal policy and economic......

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Title: Impact Of The Federal Budget On The Economy
Approximate Word Count: 697
Approximate Pages: 3 (250 words per double-spaced page)

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