Fiscal Policy

Government Revenue and Expenditure Sources

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Christian Bien

Learning Objectives

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Government Revenue Sources
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Government Revenue refers to where governments receive their income. Below is the main tax revenue of the Australian government. 


Income Taxes

  • Income Tax Receipts 

  • Company Tax 

  • Fringe Benefits Tax 

  • Superannuation Taxes 

  • Sales Taxes 

  • Goods and Services Tax (GST) 

  • Excise and Customs Duty 

  • Petrol tax -Tobacco tax 

  • Import taxes (such as tariffs on imported cars)

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Government Expenditure Sources
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Government expenditure refers to where the government is spending its money. Below are the main expenditure sources (in order of largest to smallest proportion of the budget) of the Australian Government: 

  • Social security and welfare 

  • Health -Education 

  • Defence 

  • General Public Services 

  • Transport

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Concept of Fiscal Policy
Government Revenue and Expenditure Sources
Budget Outcomes
Reasons for Actual Budget Outcomes
Methods for Financing a Budget Deficit
Automatic and Discretionary Stabilisers
Fiscal Policy Stances
Strengths and Weaknesses of Fiscal Policy
Contemporary Fiscal Policy
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