Economics in a Business Environment

Economics in a Business Environment try out:
Budget Surplus in Australia

By: Hilary Bryce
For: Greg Cunningham
ECO101 Economics in a Business Environment
Due: May 20 2012

nearly the world, frugal uncertainty has been at the forefront of many policy-making and social news stories. Since 2008, when the global financial crisis was at its peak, state have been much more concerned with what is happening in economics and paying closer attention. In Europe, it seems there is a new story every day of unemployment rates rising, exotic debt going unpaid and austerity measures being put into place. Things are looking up for some countries though, in terms of economics. For instance, in Australia the presidential term has made an announcement in their federal reckon for 2012 stating that they plan to have a $1.5 billion bare(a) by 2012/2013 (Bloxham, 2012). While this may seem like a plus economic outlook for the country to some, it could be a mistake in these times of economic uncertainty. Some argue that this plan of action is risky and unrealistic and could jeopardize Australias abdominal aortic aneurysm credit rating, while others think this is the best time for a planned work out surplus considering the start unemployment rate and forecasted economic growth in Australia (Parkinson, 2012).




The federal budget for 2012 was announced on May 8 2012. The government, currently lead by the Australian Labor representative Julia Gillard, has been making headlines recently for citizens losing confidence in the Labor party. A surplus in the federal budget would instil confidence in those losing support for Gillard, but not if it comes at the wrong time. According to the Australian Government, Returning to surplus is appropriate as Australia has strong economic fundamentals, with solid growth, low unemployment, record levels of mining investment, and commodity prices still around historical highs (Australian Government, 2012). These are the main explanations made by the Australian government for...If you want to get a full essay, order it on our website: Orderessay



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