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代寫economics

From the above two charts,代寫economics  we can see that although the threshold of personal income tax increased, the structure of the personal taxation rates has changed. It increases some people’s burden of the tax whose income is between $18201 and $80000. On the whole, the government's tax revenue did not change too much. And this will go against increasing fiscal spending. At the last, let’s discuss the transfer payment. Australia implements equalization transfer payment system and all residents shall enjoy the fair public services. So the federal government will bear the heavier task of the transfer payment. And most of the federal government income is transferred to the state governments. The rate is almost 60%. So the possibility of increasing transfer payment for the federal government will reduce. From what has been discussed above, we can see that the federal government is unlikely to adopt expansionary fiscal policy. Because if the government increases the fiscal spending, the rate of inflation will rise and the government fiscal deficit will expand (Dornbusch, 1997). These will lead to the deterioration of the economy. Of course, the federal government will not adopt tighten fiscal policy. The appreciation of the Australian dollar and the economic downturn will lead to increasing unemployment, and the social unrest will happen. So the federal government is most likely to take the prudent fiscal policy. They need to Balance the interests of all parties so as to make right judgment, and promote the development of economy.
 
The global financial crisis in 2008 influenced the development of the 代寫economics Australian economy deeply. It makes the growth rate of the real GDP of Australia from 4.68% in 2007 to 1.37% in 2009. Facing the decline in growth rate, the federal government decided to adopt an economic stimulus plan in 2009. The plan showed that the federal government would increase spending $42 billion to stimulate aggregate demand. And this policy really had effect. The growth rate of the real GDP reached 2.53% in 2010 and 2.04% in 2011. This shows that Australia's economy began to improve. So the federal government does not require excessive intervention in the economy. And Australian resources department believes that the rate of inflation will reach 2.8% in 2012-13. Although the rate of inflation is not high, it also means that the space of the government increasing spending is limited. As for unemployment, it has already been mentioned above. And it tells us that if the federal government wants to reduce the unemployment rate, they will have to increase the fiscal spending. In fact, the unemployment rate of Australian is relatively low. The government does not need to take large-scale economic stimulus plan. Modest stimulus will help to reduce unemployment. Finally let’s discuss the monetary policy. The Federal reserve bank of Australia announced to cut interest rates by 25 basis points to 2.75% on May 7, 2013. However the federal reserve bank of Australia began to cut interest rates in November 2011. So the federal government wants to implement relatively loose monetary policy to stimulate aggregate demand. Although the financial crisis is over, there are still many uncertain factors in Australian economy. For example, Appreciation of the Australian dollar has hit Australia's exports, it makes the growth rate of Australia's economy began to fall because the ratio of exports to GDP is higher. And the economic growth begins to improve, but the decline in mining industry investment threatens economic growth. So the federal government will have to adopt prudent fiscal policy. And Australia has a perfect market economy system. They insist that the market plays an important role in resource allocation. So they tend to implement monetary policy rather than fiscal policy, and facing the situation which is mentioned above, the monetary policy is more effective than fiscal policy. The prudent fiscal policy taken by the federal government is correct and effective.
 
All in all,the Australia's economic situation is not optimistic. 代寫economics The unemployment rate has a tendency to rise, and the strengthening of Australian dollar affect Australia's economic growth. The decline in mineral resources investment would be a disaster for Australia. And the pressure of the federal government to control the inflation is growing. Considering the government's fiscal deficit is increasing, the solvency of the government will be questioned if the government continued to adopt the expansionary fiscal policy. But if the federal government adopts the tightened fiscal policy in order to reduce the fiscal deficit, the indicators above will continue to deteriorate. So the federal government will weigh the pros and cons of both, and implements the most appropriate fiscal policy to boost economic growth. So I think that the federal government will take prudent fiscal policy and loose monetary policy appropriately. It will be the best choice according to the Australia's current situation.
 

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