scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 904
Federal Treasurer Peter Costello brought down his 10th Budget saying it is framed for the future the future opportunities of young people the future care of the aged the future health services that Australians will need and demand the security of the nation and the future growth of the Australian economy which is necessary to realize these goals Peter Costello said the economic management of the Australian Government affects the lives of everyone because the lives of our citizens matter the decisions the Government may affect their mortgages their businesses and whether they can find a job He said the Budget was brought down at a time when more Australians are in work than ever before Our unemployment rate has fallen to a low unmatched for 28 years The budget will have a number of effects on a number of different areas of the economy including the economic outlook tax cuts welfare to work business taxes health skills and training families and careers Australias security and international engagement Nominal GDP has grown very strongly for a number of years In 2003-04 nominal GDP grew by 73 per cent largely reflecting the impact of housing demand on both real GDP and domestic prices Strong growth in the terms of trade and the effects of higher oil prices are expected to result in nominal GDP growth of 6 per cent in 2004-05 The approach adopted in this Budgets economic projections is to assume that products prices return to their long-run average level over the first two years of the projection period As a result nominal GDP growth in 2006 07 and 2007 08 is not projected to grow as strongly Projected real GDP growth is unchanged by the technical assumption for product prices Employment has continued to grow rapidly through 2004-05 with the unemployment rate falling to a 28 year low of 51 per cent in December 2004 Construction employment has increased strongly over the
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA