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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 objectives
economic objectives of the federal government fall into four categories;
1. economic growth
2. reallocation of resources
3. external stability ~ in relation to the sustainability of our interaction with the world. e.g. trade
~ ability to export enough for our imports (or borrow money) to sustain our debts
~is being internationally competitive include sale of exports and viable import replacement industries
~ being able to service in a sustainable manner, interest on the foreign debt and dividends sent overseas due to equity financing...
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