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1 Introductory concepts 2  Market mechanism  3 Elasticities  4 Market structures 5  Market failures  6  Macro economic activity/eco growth  7 Inflation 8  Employment & unemployment  9  External Stability  10  Income distribution 11.Factors affecting economy  12  Fiscal/Budgetary policy  13  Monetary Policy   14 Aggregate Supply Policies  15 The Policy Mix

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medium term fiscal strategy


Whilst the overriding goal is to improve living standards, the federal government outlines its medium term fiscal strategy which enables it to better achieve its ultimate goal.  Typically, the government's fiscal strategy is to ensure that government finances are stable and sustainable such that it can meet its current and future spending commitments.  The key elements of the strategy are to:


1.  Achieve budget surpluses, on average, over the medium term.



2. Not increase the tax burden compared to 2007-8 levels;



3.  Improve the net financial worth of the federal government over the medium term.



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